The PMI Group, Inc. (OTCMKTS:PPMIQ) is a specialized provider of private mortgage insurance (MI) designed to support lenders in managing credit risk associated with residential mortgage lending. By offering coverage that protects against borrower default, the company enables homebuyers to secure financing with down payments of less than 20%. This risk-mitigation service helps expand access to homeownership by allowing borrowers to obtain more favorable loan terms than might otherwise be available.
The company’s core product suite includes primary mortgage insurance, pool insurance and excess mortgage insurance. Primary mortgage insurance covers individual loans at the loan level, while pool insurance protects investors in securitized pools of mortgages. Excess mortgage insurance provides an additional layer of risk coverage above the limits of the primary policy. Through these offerings, The PMI Group collaborates closely with originators, servicers and investors in both the conventional and government‐insured mortgage markets.
Founded in 1972 and headquartered in Walnut Creek, California, The PMI Group built its reputation over decades of underwriting expertise and data-driven risk assessment. In response to market challenges during the late 2000s, the company underwent a restructuring process and emerged from Chapter 11 protection in 2010. Today, The PMI Group operates across the United States and Canada, maintaining regional offices and distribution partnerships to serve a diverse base of mortgage lenders and capital markets participants.
Under the guidance of an experienced management team, The PMI Group continues to refine its underwriting models and capital management strategies. The company places emphasis on strong governance, compliance with regulatory requirements and ongoing investment in technology to enhance its risk analytics capabilities. By aligning with lenders’ credit policies and investor requirements, The PMI Group plays an integral role in facilitating sustainable lending practices and supporting the stability of the residential mortgage market.
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