PMI Companies
The PMI Group, Inc.
The PMI Group, Inc. (NYSE:PMI), headquartered in Walnut Creek, CA, provides innovative credit, capital, and risk transfer solutions that expand homeownership and fund essential services for our customers and the communities they serve around the world. Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products, financial guaranty insurance, and financial guaranty reinsurance. PMI has operations in Asia, Australia and New Zealand, Canada, Europe, and the United States. For more information: www.pmigroup.com.
PMI Mortgage Insurance Co.
PMI Mortgage Insurance Co. (PMI U.S.), a subsidiary of The PMI Group, Inc. (NYSE:PMI), provides residential mortgage insurance to mortgage lenders, capital market participants, and investors throughout the United States. PMI U.S. is incorporated in Arizona, headquartered in Walnut Creek, CA, and licensed in all 50 states, the District of Columbia, Puerto Rico, Guam, and the Virgin Islands. By mitigating default risk, residential mortgage insurance expands homeownership opportunities and assists financial institutions in reducing the capital they are required to hold against low down payment mortgages. PMI U.S. is rated A+ by Standard and Poor’s, Aa2 by Moody’s, and A+ by Fitch. For more information: www.pmi-us.com.
PMI Asia
PMI Mortgage Insurance Asia Limited (PMI Asia), a subsidiary of The PMI Group, Inc. (NYSE:PMI), serves the needs of residential mortgage lenders and investors in selected Asian markets. PMI offers a variety of primary mortgage insurance and structured portfolio products, each tailored to the needs of the particular market. These products protect lenders and investors against losses associated with borrower default on residential mortgage loans. For more information: www.pmi-asia.com.
PMI Australia
PMI Mortgage Insurance Ltd. (PMI Australia), a subsidiary of The PMI Group, Inc. (NYSE:PMI), is one of the largest mortgage insurers in Australia and New Zealand with 40 years experience in the Australian market and 15 years in the New Zealand market. PMI Australia provides a variety of credit enhancement products to bank and non-bank lending institutions in Australia and New Zealand. In addition, PMI Australia provides credit enhancement for residential mortgage-backed securitizations (RMBS), which underpin much of the mortgage lending from the non-bank sector. PMI Australia is rated AA- by Standard and Poor’s, Aa2 by Moody’s, and AA- by Fitch. For more information: www.pmigroup.com.au.
PMI Canada
PMI Mortgage Insurance Company Canada (PMI Canada), a subsidiary of The PMI Group, Inc. (NYSE:PMI), serves the needs of residential mortgage lenders and investors in Canada. PMI Canada offers loan-level primary mortgage insurance for residential mortgages as well as portfolio insurance, which is mortgage insurance applied to a specific group of loans. PMI’s products protect lenders and investors against losses associated with borrower default on residential mortgage loans. PMI Canada is rated AA by Dominion Bond Rating Service. For more information: www.pmicanada.ca.
PMI Europe
PMI Mortgage Insurance Company Limited (PMI Europe), a subsidiary of The PMI Group, Inc. (NYSE:PMI), is a mortgage insurance and credit enhancement company domiciled in Dublin, Ireland. PMI Europe is authorized to provide credit, suretyship, and miscellaneous financial loss insurance and is regulated by the Irish Financial Regulator. PMI Europe offers a variety of mortgage credit enhancement products, including primary mortgage insurance, structured portfolio products, and reinsurance products, all tailored to the European mortgage markets. PMI Europe is rated A+ by Standard and Poor’s, Aa3 by Moody’s, and A+ by Fitch. For more information: www.pmieurope.com.
PMI Guaranty
PMI Guaranty Co. (PMI Guaranty), a subsidiary of The PMI Group, Inc. (NYSE:PMI), provides credit enhancement at the mezzanine through remote loss level for assets including first lien mortgages, second lien mortgages/Home Equity Lines of Credit, and Net Interest Margin Securities (NIMS). PMI Guaranty is a licensed surety company offering both direct insurance to issuers and lenders, as well as reinsurance to financial guarantors. Domiciled in New Jersey, PMI Guaranty is rated A+ by Standard and Poor’s (Financial Strength & Financial Enhancement Ratings), Aa3 by Moody’s, and A+ by Fitch. For more information: www.pmiguaranty.com.
CMG Mortgage Insurance Company
PMI maintains a 50 percent ownership stake in California-based CMG Mortgage Insurance Company (CMG MI), a joint venture that markets mortgage insurance products exclusively to credit unions. CMG MI is rated AA- by Standard and Poor’s and AA by Fitch. For more information: www.cmgmi.com.
