NMI Holdings a new player in mortgage insurance space

|About: NMI Holdings, Inc. (NMIH)|By:, SA News Editor

The publicly traded mortgage insurance space got a bit more crowded with last week's IPO of NMI Holdings (NMIH +0.4%). The company is backed by - among others - Carlyle Group (CG) and Kyle Bass' Hayman Capital which owns a near-10% stake.

The red-hot sector - led by Radian (RDN), MGIC (MTG), and Genworth (GNW) - has traded nervously of late with boosted competition a good excuse to sell.

Soros and Goldman backed Essent Group (ESNT) continues to trade well after coming public at $17 per share in late October.