Published 01-13-05
Submitted by PMI Group, Inc.
Mr. Haughton received the Hope Award during the 14th annual "Stars to the Rescue" benefit at the Dean Lesher Regional Center for the Arts in Walnut Creek, CA. During the award presentation, PMI was also recognized for its work in creating affordable housing opportunities for deserving families and for its steadfast commitment to Habitat for Humanity.
"It is truly an honor to be recognized by this outstanding organization and by its co-founder, Tony La Russa. He is not only successful in his career, recently leading the St. Louis Cardinals to the World Series, but also gives back to society whenever possible. Tony contributes to our community in many different ways," said Roger Haughton, Chairman and Chief Executive Officer of The PMI Group, Inc. "We contribute to worthy causes such as ARF, Habitat for Humanity, the Danny Foundation, and countless others because, by touching the lives of individuals, we also aid our larger communities."
PMI is an advocate of affordable housing and supports a number of organizations that foster greater access to affordable housing. PMI's approach to affordable housing lending is to develop products and services that assist responsible borrowers who may not qualify for mortgage loans under traditional underwriting practices.
The PMI Group, Inc. (NYSE:PMI), headquartered in Walnut Creek, California, is an international provider of credit enhancement products that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, the company offers residential mortgage insurance and credit enhancement products domestically and internationally, financial guaranty insurance and financial guaranty reinsurance.
For more than 30 years, PMI has combined its risk management expertise and financial strength to serve the evolving needs of our customers and the world’s financial markets. PMI's insurance products support the mortgage finance system by providing protection to lenders and investors around the globe in the event of borrower default. By protecting mortgage lenders and investors from credit losses, PMI helps to ensure mortgages are available to prospective homebuyers. Through its strategic investments in the financial guaranty industry, PMI supports the infrastructure on which homeownership depends, including transportation, schools, hospitals, and utilities.
More from PMI Group, Inc.