NMI HLDGS INC

Ticker: NMIH CUSIP: 629209305 Class: Common Stock

MARATHON ASSET MANAGEMENT LP's Holding History (CIK: 0001279913)

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

Q4 2015

Shares 1,643,417 Value ($000) $11,126 Avg Close $7.34 Range $6.70 - $8.23

Q3 2015

Shares 1,722,350 Value ($000) $13,090 Avg Close $8.20 Range $7.41 - $9.55

Q2 2015

Shares 1,801,291 Value ($000) $14,446 Avg Close $7.91 Range $7.35 - $8.35

Q1 2015

Shares 1,801,291 Value ($000) $13,492 Avg Close $7.82 Range $7.25 - $9.19

Q4 2014

Shares 1,701,291 Value ($000) $15,532 Avg Close $8.86 Range $8.11 - $9.77

Q3 2014

Shares 2,091,159 Value ($000) $18,089 Avg Close $9.76 Range $8.17 - $10.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	1,643,417	$11,126	$7.34	$6.70 - $8.23
Q3 2015	1,722,350	$13,090	$8.20	$7.41 - $9.55
Q2 2015	1,801,291	$14,446	$7.91	$7.35 - $8.35
Q1 2015	1,801,291	$13,492	$7.82	$7.25 - $9.19
Q4 2014	1,701,291	$15,532	$8.86	$8.11 - $9.77
Q3 2014	2,091,159	$18,089	$9.76	$8.17 - $10.94