PMI Opens German Office, Appoints Claudia Schneider as Country Manager

Schneider will be responsible for growing PMI's credit enhancementbusiness in Germany by developing strategic relationships throughoutthe banking community.

"Claudia will use her knowledge and experience in Europeanresidential mortgage-backed securities and banking to develop PMI'spresence in Germany," said Tony Porter, Managing Director and ChiefOperating Officer of PMI Europe. "Claudia brings an unparalleledwealth of expertise to our business."

Schneider joins PMI from a German investment finance bank whereshe managed European mortgage portfolios and the residentialmortgage-backed securities group. She holds a Masters degree from theUniversity of Cologne in Germany and has studied at the University ofMadrid in Spain.

The opening of a German office is an extension of the successfulintroduction of PMI Europe to Italy in 2004. PMI now has offices infive European countries -- Belgium, England, Germany, Ireland, andItaly.

The PMI Group, Inc.

The PMI Group, Inc. (NYSE:PMI), headquartered in Walnut Creek, CA,is an international provider of credit enhancement products thatpromote homeownership and facilitate mortgage transactions in thecapital markets. Through its wholly owned subsidiaries andunconsolidated strategic investments, the company offers residentialmortgage insurance and credit enhancement products domestically andinternationally, financial guaranty insurance, and financial guarantyreinsurance. Through its subsidiaries, The PMI Group, Inc. is one ofthe world's largest providers of private mortgage insurance withoperations in the United States, Australia, New Zealand, and theEuropean Union, as well as one of the largest providers of mortgageguaranty reinsurance in Hong Kong. For more information:www.pmigroup.com.