To all policyholders, insureds, and servicers:

On August 19, 2011, PMI informed you of regulatory decisions that impacted our ability to write new commitments of insurance. Specifically, PMI Mortgage Insurance Co. ("PMI") was required to cease writing new commitments.

On October 21, 2011, we informed all policyholders, insureds, and servicers of loans insured by PMI that the Director of the Arizona Department of Insurance obtained an "Order Directing Full and Exclusive Possession and Control of Insurer" (the "Order") with respect to PMI. Under the Order, the Arizona Department of Insurance now has full possession, management and control of PMI.

Effective October 24, 2011 and pursuant to the Order, in lieu of a moratorium on claim payments, the Director is instituting a partial claim payment plan. Claim payments will be made at 50%, with the remaining amount deferred as a policyholder claim. To view the Order, please click here.

We continue to support our customers' ongoing policy servicing needs and loss mitigation programs. PMI maintains systems, processes, and contact points for all policy servicing, loss mitigation, and claims operations.

If you have any questions, please email us at claims.update@pmigroup.com or call (800) 377-4764.



© PMI Mortgage Insurance Co., PMI Mortgage Assurance Co.