National M.I. Swings to Profit as Business Rises

National Mortgage Insurance Corp. lifted grew its quarterly business and grew its book of business, while its parent company swung to a profit.

During the three-month period that came to a close on June 30, 2016, income before income taxes at the mortgage insurer came in at $2 million.

Details about the Emeryville, California-based organization’s results were included in parent NMI Holdings Inc.’s second-quarter earnings report.

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From:: Financing