FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Leatherberry William J   2. Issuer Name and Ticker or Trading Symbol NMI Holdings, Inc. [NMIH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, General Counsel (Last) (First) (Middle) C/O NMI HOLDINGS, INC., 2100 POWELL ST. 3. Date of Earliest Transaction (Month/Day/Year) 08/14/2018 (Street) EMERYVILLE, CA 94608 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Shares, $0.01 par value per share 08/14/2018   M   10,000 A $ 9.45 157,374 D   Class A Common Shares, $0.01 par value per share 08/14/2018   S   10,000 D $ 21.5801 (1) 147,374 D   Class A Common Shares, $0.01 par value per share 08/14/2018   M   14,272 A $ 9.45 161,646 D   Class A Common Shares, $0.01 par value per share 08/14/2018   S   14,272 D $ 21.8 (2) 147,374 D   Class A Common Shares, $0.01 par value per share 08/15/2018   M   628 A $ 9.45 148,002 D   Class A Common Shares, $0.01 par value per share 08/15/2018   S   628 D $ 21.95 (3) 147,374 D   Class A Common Shares, $0.01 par value per share 08/15/2018   M   700 A $ 8.5 148,074 D   Class A Common Shares, $0.01 par value per share 08/15/2018   S   700 D $ 22 (4) 147,374 D   Class A Common Shares, $0.01 par value per share 08/16/2018   M   100 A $ 9.45 147,474 D   Class A Common Shares, $0.01 par value per share 08/16/2018   S   100 D $ 21.9038 (5) 147,374 D   Class A Common Shares, $0.01 par value per share 08/16/2018   M   19,300 A $ 8.5 166,674 D   Class A Common Shares, $0.01 par value per share 08/16/2018   S   19,300 D $ 21.9038 (6) 147,374 (7) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy)

$ 9.45

08/14/2018

M

10,000

(8)

09/10/2024

Class A Common Shares, $0.01 par value per share

10,000

$ 0

48,850

D

Stock Option (right to buy)

$ 9.45

08/14/2018

M

14,272

(8)

09/10/2024

Class A Common Shares, $0.01 par value per share

14,272

$ 0

34,578

D

Stock Option (right to buy)

$ 9.45

08/15/2018

M

628

(8)

09/10/2024

Class A Common Shares, $0.01 par value per share

628

$ 0

33,950

D

Stock Option (right to buy)

$ 8.5

08/15/2018

M

700

(9)

02/12/2025

Class A Common Shares, $0.01 par value per share

700

$ 0

94,500

D

Stock Option (right to buy)

$ 9.45

08/16/2018

M

100

(8)

09/10/2024

Class A Common Shares, $0.01 par value per share

100

$ 0

33,850

D

Stock Option (right to buy)

$ 8.5

08/16/2018

M

19,300

(9)

02/12/2025

Class A Common Shares, $0.01 par value per share

19,300

$ 0

75,200

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Leatherberry William J C/O NMI HOLDINGS, INC. 2100 POWELL ST. EMERYVILLE, CA 94608			EVP, General Counsel

Signatures

William J. Leatherberry		08/16/2018
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The common stock was sold by the reporting person in a series of open market transactions on the transaction date with a volume weighted average sale price of $21.5801. The range of sale prices on the transaction date was $21.55 to $21.75. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
(2)	The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of 21.80. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the transaction.
(3)	The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $21.95. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the transaction.
(4)	The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $22.00. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the transaction.
(5)	The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $21.9038. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the transaction.
(6)	The common stock was sold by the reporting person in a series of open market transactions on the transaction date, each at a sale price of $21.9038. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the transaction.
(7)	Represents 86,886 class A common shares and 60,488 unvested restricted stock units.
(8)	The stock option award vested in full on September 10, 2017.
(9)	The stock option award vested in full on February 12, 2018.

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