NMI HLDGS INC

Ticker: NMIH CUSIP: 629209305 Class: Common Stock

Long Pond Capital, LP's Holding History (CIK: 0001499066)

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

Q1 2016

Shares 3,370,172 Value ($000) $17,019 Avg Close $5.21 Range $4.19 - $6.89

Q4 2015

Shares 3,370,172 Value ($000) $22,816 Avg Close $7.34 Range $6.70 - $8.23

Q3 2015

Shares 3,370,172 Value ($000) $25,613 Avg Close $8.20 Range $7.41 - $9.55

Q2 2015

Shares 2,915,537 Value ($000) $23,383 Avg Close $7.91 Range $7.35 - $8.35

Q1 2015

Shares 2,915,537 Value ($000) $21,837 Avg Close $7.82 Range $7.25 - $9.19

Q4 2014

Shares 2,685,900 Value ($000) $24,522 Avg Close $8.86 Range $8.11 - $9.77

Q3 2014

Shares 1,451,429 Value ($000) $12,555 Avg Close $9.76 Range $8.17 - $10.94

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	3,370,172	$17,019	$5.21	$4.19 - $6.89
Q4 2015	3,370,172	$22,816	$7.34	$6.70 - $8.23
Q3 2015	3,370,172	$25,613	$8.20	$7.41 - $9.55
Q2 2015	2,915,537	$23,383	$7.91	$7.35 - $8.35
Q1 2015	2,915,537	$21,837	$7.82	$7.25 - $9.19
Q4 2014	2,685,900	$24,522	$8.86	$8.11 - $9.77
Q3 2014	1,451,429	$12,555	$9.76	$8.17 - $10.94