NMI HLDGS INC

Ticker: NMIH CUSIP: 629209305 Class: Common Stock

ANGELO GORDON & CO., L.P.'s Holding History (CIK: 0000860662)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 25,000 Value ($000) $187 Avg Close $7.82 Range $7.25 - $9.19

Q4 2014

Shares 25,000 Value ($000) $228 Avg Close $8.86 Range $8.11 - $9.77

Q3 2014

Shares 25,000 Value ($000) $216 Avg Close $9.76 Range $8.17 - $10.94

Q2 2014

Shares 25,000 Value ($000) $263 Avg Close $10.96 Range $9.75 - $11.82

Q1 2014

Shares 25,000 Value ($000) $293 Avg Close $11.87 Range $10.32 - $13.94

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	25,000	$187	$7.82	$7.25 - $9.19
Q4 2014	25,000	$228	$8.86	$8.11 - $9.77
Q3 2014	25,000	$216	$9.76	$8.17 - $10.94
Q2 2014	25,000	$263	$10.96	$9.75 - $11.82
Q1 2014	25,000	$293	$11.87	$10.32 - $13.94