Roger Haughton, PMI's Chairman and CEO is Elected to Habitat for Humanity International's Board.

Business Editors

WALNUT CREEK, Calif.--(BUSINESS WIRE)--Nov. 20, 2003

Roger Haughton, chairman and chief executive officer of The PMI Group, Inc. (NYSE:PMI) has been elected to Habitat for Humanity International's board of directors. Board members typically serve two three year terms.

The Habitat panel elected Haughton during its recent meeting in New Zealand. The board oversees the organization's mission of building simple, decent housing in partnership with people in need throughout the world.

"Being elected to Habitat for Humanity International's board of directors is an honor and privilege," said Haughton. "I've seen first hand how Habitat's approach to affordable housing helps deserving families become homeowners. Homeownership creates stronger families. Stronger families lead to stronger communities. That's good for everyone."

For almost 10 years PMI has built, sponsored or contributed to more than 55 Habitat homes worldwide. In 2002, PMI was named a Habitat for Humanity Cornerstone Partner in their "More Than Houses: Rebuilding Our Communities" capital campaign to raise $500 million by 2005. The campaign is dedicated to building 100,000 Habitat houses by the end of 2005. Further, PMI sponsors Habitat for Humanity's Congress Building America and The House the Senate Built program.

"Our commitment to Habitat is so important to PMI because it's an affirmation of our basic corporate mission to expand homeownership opportunities," said Haughton. "It's a great example of the private sector meeting the needs of underserved segments and doing so in a sound business-like fashion. Personally, it's been so important to me and my family. I am proud to say that I, along with my wife and four kids, we have helped build more than 25 houses."

Since graduating from the University of California at Santa Barbara with a degree in economics, Haughton joined PMI in 1985 from Allstate Insurance Co., PMI's then parent company. Haughton was named president and chief executive officer of the subsidiary in January 1993, and he became director, president and CEO of The PMI Group Inc. when the company went public in April 1995. He was elected chairman of the board in May 1998.

Haughton is a member of the executive committee and current vice president of Mortgage Insurance Companies of America, the industry trade association, and serves on the board of trustees for the University of California at Santa Barbara.

He has a long history of volunteerism. In addition to his work with Habitat for Humanity, Haughton is on the board and a former chair of Social Compact, a Washington, D.C. organization dedicated to promoting revitalization of America's inner cities. He is also on the executive committee and board of San Francisco's Bay Area Council and on the board of the National Council of La Raza, a non-profit organization dedicated to reducing poverty and discrimination as well as improving life opportunities for Hispanic Americans.

Haughton has received various awards recognizing his contributions to community development, including Fannie Mae's first-ever Community Lending Hero Award and the Bay Area Junior Achievement's Spirit of Achievement Award for personal efforts that significantly affect the lives of people within the community. He and his wife, Judy, reside in Alamo, California. They have four children.

The PMI Group, Inc. headquartered in Walnut Creek, California is an international provider of credit enhancement products and lender services that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, the company offers residential mortgage insurance and credit enhancement products domestically and internationally, lender services and financial guaranty reinsurance.

PMI is an advocate of affordable housing and supports a number of organizations that foster greater access to affordable housing. PMI's approach to affordable housing lending is to develop products and services that assist responsible borrowers who may not qualify for mortgage loans under traditional underwriting practices.