Financial Strength Ratings

COMPANY AGENCY RATING OUTLOOK DATE
National Mortgage Insurance Corporation (Insurance Company) S&P BBB- Positive 7/26/17
NMI Holdings, Inc. (Holding Company) S&P BB- Positive 7/26/17
National Mortgage Insurance Corporation (Insurance Company) Moody’s Ba1 Positive 3/27/17
NMI Holdings, Inc. (Holding Company) Moody’s B1 Positive 3/27/17