Quarterly pre-tax income and quarterly new business each ascended to the highest level ever at NMI Holdings. In addition, the book of business grew.
From July 1, 2017, until Sept. 30, income before taxes was $19 million, a record high, according to the Emeryville, California-based firms’ third-quarter earnings report.
Pre-tax income at the parent of National MI tripled from $6 million earned in the same quarter last year. Income was previously reported at $9 million for the second-quarter 2017.
Source: Mortgage Daily