PMI Canada Adds Two to Executive Team



    TORONTO, Jan. 21 /CNW/ -- PMI Mortgage Insurance Company Canada (PMI
Canada), a subsidiary of The PMI Group, Inc. (NYSE:   PMI), has appointed Debbie
Dimoff to Vice President, Strategy and Administrative Services, and Tara
Perrin to Finance Director.
    "The addition of Debbie and Tara adds talent and specialized skill sets
to our diverse and accomplished executive team. This makes PMI Canada better
poised to meet client needs and develop new relationships within the Canadian
mortgage community," said Janet Martin, President and CEO of PMI Canada. "We
are currently working to expand our business in Canada by offering customized
solutions to potential clients. PMI's underwriting and risk management
expertise will provide greater choice and expand homeownership opportunities
for more Canadian families and individuals," adds Martin.
    A seasoned business professional, Dimoff brings more than 20 years of
strategic planning, marketing communications, and recruiting experience to PMI
Canada.
    "Canada boasts an exciting and developing mortgage insurance environment.
I am pleased to be contributing to the growth and expansion of PMI Canada
within this emerging marketplace," Dimoff said.
    Perrin brings significant accounting and financial management experience
to PMI Canada. Previously, Perrin held increasingly responsible roles at a
major retail and mortgage lending organization and one of Canada's top audit
firms.
    "I am excited to join a team of such accomplished individuals. I look
forward to helping PMI Canada achieve its financial goals as the company
continues to grow its leadership in the Canadian mortgage marketplace," Perrin
said.
    
    About PMI Canada
    
    PMI Mortgage Insurance Company Canada (PMI Canada), a subsidiary of The
PMI Group, Inc. (NYSE:   PMI), serves the needs of residential mortgage lenders
and investors in Canada. PMI Canada offers loan-level primary mortgage
insurance for residential mortgages as well as portfolio insurance, which is
mortgage insurance applied to a specific group of loans. PMI's products
protect lenders and investors against losses associated with borrower default
on residential mortgage loans. PMI Canada is rated AA by Dominion Bond Rating
Service. For more information: http://www.pmicanada.ca.
    Cautionary Statement:  Statements in this release that are not historical
facts or that relate to future plans, events or performance are
"forward-looking" statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Many factors could cause actual results and
developments to differ materially from those expressed or implied by forward-
looking statements, including changes in business and other conditions,
including general market conditions in the United States and Canada.  Risks
and uncertainties are discussed in PMI's SEC filings, including its Form 10-K
for the year ended December 31, 2006 and its Form 10-Q for the quarter ended
September 30, 2007. PMI undertakes no obligation to update forward-looking
statements.




For further information:

For further information: Investors, Bill Horning of The PMI Group, 
+1-925-658-6193, or Media - Canada, Caroline Spivak of The PMI Group, 
+1-416-645-8185, or Media - US, Meredith Heighington of The PMI Group, 
+1-202-828-9179 Web Site: http://www.pmicanada.ca

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PMI MORTGAGE INSURANCE COMPANY CANADA

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