<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001209170</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001547903</issuerCik>
      <issuerName>NMI Holdings, Inc.</issuerName>
      <secFileNumber>001-36174</secFileNumber>
      <issuerAddress>
        <com:street1>2100 POWELL STREET, 12TH FLOOR</com:street1>
        <com:city>EMERYVILLE</com:city>
        <com:stateOrCountry>CA</com:stateOrCountry>
        <com:zipCode>94608</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>(855) 530-6642</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>EMBLER MICHAEL J</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>245 Summer Street</com:street1>
          <com:city>Boston   </com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02110</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>20000</noOfUnitsSold>
      <aggregateMarketValue>748800.00</aggregateMarketValue>
      <noOfUnitsOutstanding>76867928</noOfUnitsOutstanding>
      <approxSaleDate>11/19/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/11/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>5847</amountOfSecuritiesAcquired>
      <paymentDate>05/11/2024</paymentDate>
      <natureOfPayment>Not Applicable</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/09/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Award	</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>4354</amountOfSecuritiesAcquired>
      <paymentDate>05/09/2020</paymentDate>
      <natureOfPayment>Not Applicable</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/11/2018</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Award	</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>7239</amountOfSecuritiesAcquired>
      <paymentDate>05/11/2018</paymentDate>
      <natureOfPayment>Not Applicable</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>05/12/2017</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Award	</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2560</amountOfSecuritiesAcquired>
      <paymentDate>05/12/2017</paymentDate>
      <natureOfPayment>Not Applicable</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>11/19/2025</noticeDate>
      <signature>/s/ Cristina Garcia, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for EMBLER MICHAEL J</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
