PMI Group Company Description
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.
View the Comprehensive Company Description for PMI Group
The Company Description provides a historical perspective of PMI Group's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of PMI Group's evolution in the marketplace.
