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PMI Mortgage Insurance Co. Forms Homeownership Preservation Team

March 26, 2008

PMI Mortgage Insurance Co. Forms Homeownership Preservation Team

WALNUT CREEK, Calif., -- PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc. (NYSE: PMI), has formed a homeownership preservation team led by John Jelavich, PMI's newly appointed Vice President of Homeownership Preservation Initiatives.

Under Jelavich's leadership, PMI will expand its National Accounts Servicing team whose primary responsibility will be to partner with lenders in the development of creative solutions to help Americans avoid foreclosure.

"PMI has a history of working with our customers to develop innovative solutions that preserve homeownership," said Gene Campion, Senior Vice President of Servicing Operations, Loss Mitigation and Claims. "We're confident that providing additional manpower and resources to aid our customers will ultimately help people who have the ability to make a reasonable mortgage payment preserve their home."

"It is important for borrowers who are in trouble to contact their lender and see if they have options other than foreclosure," said Jelavich. "The team will reach out to lenders and borrowers to try and bring both groups together and find creative solutions to save the borrower's home."

Source: PMI Mortgage Insurance Co.

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