PMI Files Application to Provide Mortgage Insurance in Canada

PMI Mortgage Insurance Co., the primary subsidiary of The PMI Group, Inc. (NYSE:PMI), has filed an application with the Office of the Superintendent of Financial Institutions to provide mortgage insurance in Canada, the company announced today. PMI is a leading global provider of mortgage insurance and credit enhancement products and services that promote homeownership and facilitate mortgage transactions in the capital markets. PMI has offices in the U.S., Europe, Australia, New Zealand, and Asia.

About The PMI Group, Inc.

The PMI Group, Inc. (NYSE:PMI), headquartered in Walnut Creek, CA, is an international provider of credit enhancement products and services. Through its wholly owned subsidiaries and unconsolidated strategic investments, the company offers residential mortgage insurance and credit enhancement products domestically and internationally, financial guaranty insurance, and financial guaranty reinsurance. Through its subsidiaries, The PMI Group, Inc. is one of the world's largest providers of private mortgage insurance with operations in the United States, Australia, New Zealand, and the European Union, as well as one of the largest providers of mortgage guaranty reinsurance in Hong Kong. For more information: www.pmigroup.com.

Cautionary Statement: Statements in this release that are not historical facts or that relate to future plans, events or performance are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Many factors could cause actual results to differ materially from those expressed or implied by forward-looking statements, and there can be no guarantee that PMI will do business in Canada or that certain results will be achieved. Risks and uncertainties, including changes in the economic and market conditions, are discussed in PMI's SEC filings, including its Form 10-Q for the period ended March 31, 2006 and its Form 10-K for the year ended December 31, 2005. PMI undertakes no obligation to update forward-looking statements.

For further information: The PMI Group, Inc., Beth Haiken, (925) 658-6192,(Media) Bill Horning, (925) 658-6193 (Investors)

Author:  

Email:    

Topic:    

Content:

Related Articles

• Credit Card Information Section Added To Popular African American Shopping Portal
  28 May 2006



• Cervus Reclaims Top 10 Broker Lender Status in Canada
  28 May 2006



• Health Insurance Specialists Need To Know What They Have In HSAs
  25 May 2006



• Allied Home Mortgage Capital Corporation Opens New Branch Office in Fort Wayne
  24 May 2006



• Simonich Corporation Agrees to Purchase Remaining 51% of BWC Mortgage Services From BWC Financial Corp.
  23 May 2006



• Schengen Visa and Travel Health Insurance Required for Some European Travel
  23 May 2006



• Old Merchants Mortgage Bankers Expands Headquarters and Adds Personnel
  22 May 2006



• GRAND OPENING OF THE ACTIVEONE MORTGAGE WEBSITE
  21 May 2006



• High Yield & Mortgage Plus Trust Announces Distribution For Month Ending May 31, 2006
  19 May 2006



• Plazacorp announces redemption of its 12% Mortgage Bonds
  19 May 2006