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PMI Introduces Integrated Rate Quote and Payment Comparison Tool

Distributed by Press Release

WALNUT CREEK, Calif. (Map) - WALNUT CREEK, Calif., July 22 /PRNewswire/ -- PMI Mortgage Insurance Co., the primary subsidiary of The PMI Group, Inc. (NYSE: PMI), today introduced the next generation web-based tool that allows users to obtain rate quotes and compare multiple mortgage insurance payment plans in one step.

RateQuote 2.0 offers up to five payment option comparisons at one time and provides a seamless transition to the e-PMI Origination system, where a mortgage insurance application can be submitted for underwriting with one click.

"Mortgage insurance is not a one-size-fits-all product, and we want to give our customers a tool that allows them to easily identify the best rate and payment plan for their borrowers," said Jesse Rivera, Vice President of Marketing Operations. "The integration of our Rate Quote and e-PMI Origination systems allows us to continue providing a high level of service to our customers."

Other features include instantly identifying properties located in distressed markets and providing a detailed error message when a rate is not available. Loan officers can print a professional-quality comparison chart to present to customers.

To get started, users enter loan and property information, such as zip code, appraisal value, and loan amount, and then select from multiple payment plans.

The RateQuote 2.0 calculator can be accessed at http://www.pmi-us.com/ratequote.

The PMI Group, Inc.

The PMI Group, Inc. (NYSE: PMI), headquartered in Walnut Creek, CA, provides innovative credit, capital, and risk transfer solutions that expand homeownership and fund essential services for our customers and the communities they serve around the world. Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products. PMI has operations in Asia, Australia and New Zealand, Canada, Europe, and the United States. For more information: http://www.pmigroup.com.

Cautionary Statement: Statements in this press 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. Forward-looking statements are subject to a number of risks and uncertainties including but not limited to: changes in economic conditions, economic recession or slowdowns, adverse changes in consumer confidence, declining housing values, higher unemployment, deteriorating borrower credit, changes in interest rates, the effects of natural disasters, or combinations of these factors. Other risks and uncertainties are discussed in our SEC filings, including our Annual Report Form 10-K for the year ended December 31, 2007 and Form 10-Q for the quarter ended March 31, 2008. We undertake no obligation to update forward-looking statements.

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