The PMI Group, Inc. (NYSE:PMI) is headquartered in California. Through its subsidiaries PMI is one of the largest private mortgage insurers in the United States, Australia, New Zealand, and the European Union, as well as the largest mortgage guaranty reinsurer in Hong Kong. PMI is a leader in mortgage risk management technology providing various products and services for the home mortgage finance industry as well as title insurance.
Private mortgage insurance protects mortgage lenders against potential losses in the event of borrower default. By covering default risk on residential first mortgage loans, mortgage insurance facilitates the sale of low downpayment mortgages in the secondary mortgage market. In addition, private mortgage insurance expands homeownership opportunities by enabling borrowers to purchase homes with downpayments of less than 20 percent. 
PMI is an advocate of affordable housing and supports a number of initiatives and organizations that foster greater access to affordable housing. These include Habitat for Humanity International; Neighborhood Housing Services of America; Native American Indian Housing Council; The Hispanic Community Foundation (U.S.); and The Unity Council (U.S.).