National MI Fastest-Growing MI Company Based on Insurance-in-Force
"For the past two quarters, we have grown primary insurance-in-force faster than any other private mortgage insurance company, while changing our product mix to a higher percentage of monthly premium product relative to our total new insured volume," said
In January of this year, National MI was the first private mortgage insurer to adjust its rates for lender-paid mortgage insurance. The new rates better align the company's pricing with the capital requirements under the GSE Private Mortgage Insurer Eligibility Requirements.
National MI's insurance-in-force has steadily increased since its launch in 2013, showing solid gains each quarter. The company has also gained market share over that time period. "With two consecutive quarters of nine percent market share, it is clear that our customers and the market recognize our unique value proposition," Shuster said.
About National MI
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding National MI's positioning for future performance. More information about the risks, uncertainties and assumptions affecting National MI can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the
Strategic Vantage Mortgage Public Relations
Strategic Vantage Marketing & Public Relations
Vice President, Investor Relations and
News Provided by Acquire Media