While there was a year-over-year rise in quarterly business at National Mortgage Insurance, a quarter-over-quarter decline occurred. The book of business grew.
Income at parent NMI Holdings Inc. prior to income taxes rose to $7 million during the three months ended Dec. 31, 2016, from $6 million the previous quarter.
Those details, along with other operational and financial results, were revealed by the the Emeryville, California-based firm in its fourth-quarter 2016 earnings report.
Source: Mortgage Daily