PMI Mortgage Insurance Co. Promotes Jan Walker to Senior Vice President, Structured Transactions and Structured Product Development

WALNUT CREEK, Calif., Feb. 12 /PRNewswire-FirstCall/ -- PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc. , today announced the promotion of Jan Walker to the position of Senior Vice President, Structured Transactions and Structured Product Development.

Walker is responsible for managing a vital sector of PMI Mortgage Insurance Co.'s growing business, creating and delivering structured finance solutions for the asset-backed and mortgage-backed security markets. Her experienced team works closely with issuers, structuring products to meet the demands of fixed-income investors, financial institutions, and security issuers for complex financial products that achieve more profitable deployment of financial and capital resources.

"Jan was the driving force behind the development of our structured transaction channel and, with her expertise and guidance, it has become an increasingly important contributor to our U.S. mortgage insurance business," said David Katkov, President and Chief Operating Officer of PMI Mortgage Insurance Co. "She has done an outstanding job, and I look forward to her ongoing success in continuing to build our structured transaction business."

Walker joined PMI in 1995 as a Product Development Manager. She became Director, Structured Transactions in 1998 and was promoted to Vice President of the division in 2002. Prior to joining PMI, she worked in the secondary and capital markets with companies such as First Nationwide Bank and North American Mortgage Company. She received a BS degree from the University of California, Berkeley and an MBA from Golden Gate University.

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/.