Mayer Brown acted as special insurance regulatory counsel to NMI Holdings, Inc. on matters related to NMI’s $550 million funding through the sale of common stock in a private placement. The firm advised NMI on regulatory approvals and other regulatory aspects of the offering. NMI intends to be a national provider of mortgage insurance upon receipt of state insurance regulatory approvals and approval from Fannie Mae and Freddie Mac.

The Mayer Brown team included Corporate & Securities partner James Woods (New York), counsel Nicole Zayac and associate Hilary Kang (both Palo Alto).