PMI Companies
The PMI Group, Inc.
The PMI Group, Inc. (NYSE: PMI), headquartered in Walnut Creek, CA, provides credit enhancement solutions that expand homeownership while supporting our customers and the communities they serve. Through its wholly and partially-owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products.
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 R by Standard and Poor's and Caa1 by Moody's.
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 Central Bank of Ireland, Ireland΄s Financial Regulator. In 2008, PMI Europe stopped assuming new risk and reduced staff and facilities.
CMG Mortgage Insurance Company
PMI maintains a 50% ownership stake in California-based CMG Mortgage Insurance Company (CMG MI), a joint venture with CUNA Mutual Insurance Society that provides mortgage insurance products and services exclusively to credit unions. CMG MI is rated BBB by Fitch Ratings and BBB by Standard & Poor's. For more information: www.cmgmi.com.
Ratings current as of: June 15, 2011
