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NMI Holdings (NMIH) guidance and outlook

NMI Holdings' 10-Q filed Nov 6, 2026 makes 15 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 6, 2026

• Our results of operations for interim periods are not necessarily indicative of results to be expected for a full fiscal year or for any other period.
• We discuss below our results of operations for the periods presented, as well as the conditions and trends that have impacted or are expected to impact our business, including new insurance writings, the composition of our insurance portfolio and other factors that we expect to impact our results.
• A marked decline in housing demand, a significant and protracted decrease in house prices or a sustained increase in unemployment could reduce the pace of new business activity in the private mortgage insurance market and negatively impact our future NIW volume, or contribute to an increase in our future default and claim experience.
• Although VantageScore 4.0 represents an immaterial portion of our current insured portfolio, we expect volume will increase in future periods as more lenders incorporate the new standard into their origination and delivery processes.
• The implementation details and regulatory guidance necessary to fully assess the scope and effect of the executive order have not yet been issued, and we will continue to monitor developments as they become available.
• Because premiums are paid at origination on single premium policies and our single premium policies are generally non-refundable on cancellation, assuming all other factors remain constant, if single premium loans are prepaid earlier than expected, our profitability on these loans is likely to increase and, if loans are repaid slower than expected, our profitability on these loans is likely to decrease.
• By contrast, if monthly premium loans are repaid earlier than anticipated, we do not earn any more premium with respect to those loans and, unless we replace the repaid monthly premium loan with a new loan at the same premium rate or higher, our revenue is likely to decline.
• We expect to continue to evaluate reinsurance opportunities in the normal course of business.
• We have established prudential underwriting standards and loan-level eligibility matrices which prescribe the maximum LTV, minimum borrower credit score, maximum borrower DTI ratio, maximum loan size, property type, loan type, loan term and occupancy status of loans that we will insure and memorialized these standards and eligibility matrices in our Underwriting Guideline Manual that is publicly available on our…
• The distribution of our primary RIF as of September 30, 2026 is not necessarily representative of the geographic distribution we expect in the future.
• We generally observe that forbearance, repayment and modification, and other assistance programs are an effective tool to bridge dislocated borrowers from a time of acute stress to a future date when they can resume timely payment of their mortgage obligations, and note higher cure rates on defaults benefitting from broad-based assistance programs than would otherwise be expected on similarly situated loans that…
• Although adjusted income before tax, adjusted net income and adjusted diluted EPS exclude certain items that have occurred in the past and are expected to occur in the future, the excluded items: (1) are not viewed as part of the operating performance of our primary activities; or (2) are impacted by market, economic or regulatory factors and are not necessarily indicative of operating trends, or both.

NMI Holdings' latest quarter

Questions

What does NMI Holdings expect?

Our results of operations for interim periods are not necessarily indicative of results to be expected for a full fiscal year or for any other period. We discuss below our results of operations for the periods presented, as well as the conditions and trends that have impacted or are expected to impact our business, including new insurance writings, the composition of our insurance portfolio and other factors that we expect to impact our results. A marked decline in housing demand, a significant and protracted decrease in house prices or a sustained increase in unemployment could reduce the pac

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.