SAN DIEGO -The PMI Foundation, along with seven partnering mortgage banking companies, joined forces with the Mortgage Bankers Association (MBA) to co-sponsor a Habitat for Humanity home in Escondido, CA. The home was dedicated to the Kwangaba family, and was one of twelve new homes that were dedicated in Escondido, CA, as part of a new development of twelve attached town homes.

"PMI is committed to facilitating homeownership. We have contributed to over 100 Habitat for Humanity homes worldwide so that deserving families, such as the Kwangabas, are able realize their dreams of homeownership. Being able to positively affect the lives of families who otherwise would not be able to attain homeownership exemplifies our corporate mission," said Roger Haughton, Chairman and CEO of The PMI Group, Inc.

The Kwangabas qualified for their home based on three criteria: ability to pay a monthly mortgage, need for improved housing and a willingness to partner with the San Diego Habitat for Humanity through "sweat equity... the family's contribution of labor in the construction of their home." The Kwangabas purchased their home through a zero-interest mortgage, financed by the San Diego Habitat for Humanity. The family is expected to move into their new home later this month.

John Kwangaba is a custodian for San Diego City Schools. His wife Muyuku studies English and cares for their three young children. The family moved to the United States 12 years ago from the Democratic Republic of Congo. Their new Habitat home will provide John and Muyuku a safe and healthy place to raise their family in a residence that they own.

MBA member companies that co-sponsored the Kwangaba home, in addition to the PMI Foundation, were American Mortgage Network, First American Real Estate Information Services, Inc., First Horizon Home Loans, Gallagher Financial Systems, GreenPoint Financial Corporation, New Century Financial Corporation and Option One Mortgage Corporation/H&R Block.

The purpose of the PMI Foundation, a private nonprofit organization established by PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc. (NYSE:PMI), is to foster the goal of home ownership and provide access to affordable housing for under served areas. The PMI Foundation does this by supporting partnerships with national and local organizations that create housing opportunities and help revitalize neighborhoods in communities throughout the United States and around the world. The PMI Foundation is located in Walnut Creek, CA.

MBA is the national association representing the real estate finance industry. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership prospects through increased affordability; and to extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters excellence and technical know-how among real estate finance professionals through a wide range of educational programs and technical publications. For additional information, visit MBA's Web site: www.mbaa.org. Contacts for PMI Foundation Josh Wozman, 925-658-6863

PMI Group, Inc.

PMI Group, Inc.

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.

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