PMI Mortgage Insurance Co. Appoints David Shuart to Vice President of National Accounts

WALNUT CREEK, Calif., Feb. 13 /PRNewswire-FirstCall/ -- PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc. , today announced the appointment of David Shuart to Vice President of National Accounts.

Shuart will lead a team of four National Account Directors, overseeing mid-tier national accounts that represent a growing segment of PMI's total volume. He had been in the top 25 national accounts group where he successfully managed some of PMI's largest and most complicated accounts. He will continue to work out of PMI's regional office in Dallas, Texas.

"David's comprehensive understanding of the mortgage capital markets makes him the ideal choice for this important role," said Pete Pannes, Senior Vice President of Field Sales and National Accounts, PMI Mortgage Insurance Co. "I look forward to David's continued success in this new position."

Shuart joined PMI in 1996 with more than 25 years of experience in the mortgage finance industry. He has held a number of key management positions in wholesale lending with Margaretten & Company, Inc., Criterion Financial, Prudential Home Lending, and AccuBanc Mortgage. Shuart is a graduate of the Mortgage Bankers Association School of Mortgage Banking and received the Willis Bryant Scholar award for outstanding academic achievement. He is also a Certified Mortgage Banker.

PMI Mortgage Insurance Co.

PMI Mortgage Insurance Co. (PMI U.S.), a subsidiary of The PMI Group, Inc. , provides residential mortgage insurance to mortgage lenders, capital market participants, and investors throughout the United States. PMI U.S. is incorporated in Arizona, headquartered in Walnut Creek, CA, and licensed in all 50 states, the District of Columbia, Puerto Rico, Guam, and the Virgin Islands. By mitigating default risk, residential mortgage insurance expands homeownership opportunities and assists financial institutions in reducing the capital they are required to hold against low down payment mortgages. PMI U.S. is rated AA by Standard and Poor's, Aa2 by Moody's, and AA+ by Fitch. For more information: http://www.pmi-us.com/.