PMI Introduces Integrated Rate Quote and Payment Comparison Tool

WALNUT CREEK, Calif., July 22 /PRNewswire/ -- PMI Mortgage Insurance Co.,
the primary subsidiary of The PMI Group, Inc. (NYSE: PMI), today introduced
the next generation web-based tool that allows users to obtain rate quotes and
compare multiple mortgage insurance payment plans in one step.
RateQuote 2.0 offers up to five payment option comparisons at one time and
provides a seamless transition to the e-PMI Origination system, where a
mortgage insurance application can be submitted for underwriting with one
click.
"Mortgage insurance is not a one-size-fits-all product, and we want to
give our customers a tool that allows them to easily identify the best rate
and payment plan for their borrowers," said Jesse Rivera, Vice President of
Marketing Operations. "The integration of our Rate Quote and e-PMI
Origination systems allows us to continue providing a high level of service to
our customers."
Other features include instantly identifying properties located in
distressed markets and providing a detailed error message when a rate is not
available. Loan officers can print a professional-quality comparison chart to
present to customers.
To get started, users enter loan and property information, such as zip
code, appraisal value, and loan amount, and then select from multiple payment
plans.
The RateQuote 2.0 calculator can be accessed at
http://www.pmi-us.com/ratequote.
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. PMI has operations in Asia, Australia and New Zealand,
Canada, Europe, and the United States. For more information:
http://www.pmigroup.com.
Cautionary Statement: Statements in this press 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. Forward-looking statements are subject to a
number of risks and uncertainties including but not limited to: changes in
economic conditions, economic recession or slowdowns, adverse changes in
consumer confidence, declining housing values, higher unemployment,
deteriorating borrower credit, changes in interest rates, the effects of
natural disasters, or combinations of these factors. Other risks and
uncertainties are discussed in our SEC filings, including our Annual Report
Form 10-K for the year ended December 31, 2007 and Form 10-Q for the quarter
ended March 31, 2008. We undertake no obligation to update forward-looking
statements.
SOURCE PMI Mortgage Insurance Co.

Media, Stephanie Corns of PMI Mortgage Insurance Co., +1-925-658-6357, or
Investors, Bill Horning of PMI Mortgage Insurance Co. +1-925-658-6193