The PMI Group, Inc. · Walnut Creek, CA United States ·(NYSE: PMI)
Company Description
Phone: 925-658-7878
Fax: 925-658-6931
Toll Free: 800-280-4764
View The PMI Group, Inc. Locations On A US Map
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This link will open in a new window If Barbie can't afford a full 20% down payment on her Malibu dream home, her mortgage lender could still bring in The PMI Group. The company is one of the largest US providers of mortgage insurance, which protects lenders in case of borrower default. It also insures the bundles of existing loans known as structured finance products. In addition, PMI is the primary investor in the Financial Guaranty Insurance Company (FGIC), which offers financial guaranty insurance on public bonds. The company's international operations provide mortgage insurance and credit enhancement services in Europe. PMI has been exiting businesses and tightening its belt in hopes of surviving the real estate market implosion. To read the full description, subscribe now.
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Key The PMI Group, Inc. Financials
| Company Type | Public - NYSE: PMI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $907.8 |
| 2008 Employees | 736 |
The PMI Group, Inc. Executives
59 executives listed for The PMI Group, Inc.'s Walnut Creek, CA location.
| Title | Name & Bio | Contact |
| Chairman, President, CEO, and COO; CEO, PMI Mortgage Insurance | L. Stephen Smith | Network |
| EVP, CFO and Chief Administrative Officer | Donald Lofe | Network |
| SVP and Chief Credit Officer, PMI Guaranty | Bonita Dorland | Network |
Competition
Competitive Landscape for The PMI Group, Inc.
Home sales and mortgage refinancing are the primary drivers of demand for the title insurance industry. The profitability of individual companies depends on efficient operations because of the large volume of transactions. Large companies benefit from economies of scale in access to large accumulated databases of property records. Small companies can mainly compete by specializing in non-standard titles or in geographical regions that the large companies don't cover. To read the full description, subscribe now.Top The PMI Group, Inc. Competitors
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