The PMI Foundation Supports the National Training and Information Center's Affordable Housing Efforts; The PMI Foundation Commits Five-Year Grant of $750,000 to NTIC.

WALNUT CREEK, Calif. -- The PMI Foundation announced that it has bestowed a $750,000 grant to the National Training and Information Center, or NTIC, which will be disbursed over the next five years. PMI announced its initial disbursement of $250,000 today during a NTIC investor event in Chicago.

NTIC is a 33 year-old Chicago-based non-profit that serves as a resource center for grassroots and neighborhood groups. Starting in the 1970's, NTIC's efforts have changed and improved the home mortgage industry -- opening up homeownership for millions of Americans.

The PMI Foundation and NTIC share the common goals of reducing barriers to homeownership, improving life in underserved communities and creating opportunities for economically challenged families to thrive.

"The PMI Foundation is pleased to enter into an affordable housing partnership with NTIC, whose track record of promoting and preserving affordable housing makes them a natural fit for PMI," said Charles Broom, President of The PMI Foundation.

"Our business model is to create affordable housing opportunities for first time homebuyers, especially in traditionally underserved communities and emerging markets. NTIC's efforts have encouraged financial institutions to invest in minority and underserved communities," said Mr. Broom.

PMI's support will help fund affordable housing efforts under NTIC's "Creating and Protecting the Assets of Communities, Families and Individuals" project. The project has three primary goals:

--Increase access to quality, fair-priced credit in low-to-moderate income and minority communities;

--Curtail predatory lending practices, which jeopardize communities, increase foreclosures and strip the assets of homeowners; and

--Improve accountability between community organizations and government housing programs.

"NTIC appreciates the significant investment by PMI into our neighborhoods. With PMI as a key collaborator, NTIC will keep more families in their homes and promote affordable housing. PMI has put their money where their mouth is and has made a real commitment to community revitalization," said Joseph W. Mariano, Executive Director, NTIC.

About The PMI Foundation

The purpose of the PMI Foundation, a nonprofit organization established by The PMI Group, Inc., (NYSE:PMI), is to foster the goal of home ownership and provide access to affordable housing for under served areas and populations. The PMI Foundation does this by supporting national local organizations that create housing opportunities and help revitalize neighborhoods in communities throughout the United States and around the world. The PMI Foundation has sponsored or co-sponsored thirty Habitat builds worldwide and contributed to the funding of over sixty builds. The PMI Foundation is located in Walnut Creek, CA.

About NTIC

NTIC's mission is to build grassroots leadership and strengthen neighborhoods through issue-based community organizing. With NTIC's help, community organizations develop leadership skills and learn how to make social change by engaging their neighbors and other community stakeholders such as public officials and private sector decision-makers. NTIC has a particular focus on building thriving neighborhoods filled with healthy families and individuals who are engaged in civic life. NTIC was founded by the late Gale Cincotta in 1972 and is credited with leading efforts to pass the Community Reinvestment Act and the Home Mortgage Disclosure Act. Website: http://www.ntic-us.org.