PMI touts Global Housing Efforts

March 2004
National Mortgage News;3/29/2004, Vol. 28 Issue 27, p16
Trade Publication
The role that PMI Group, Walnut Creek, California, plays in many countries around the world is to bring safety and profitability to the housing finance system, a company executive told the Northeast Regional Conference of Mortgage Bankers Association. PMI started a public/private partnership with Federal National Mortgage Association called the Gateway Initiative. Community groups draw on the fund to build or rehabilitate housing and the fund is replenished when the house is sold. PMI has international subsidiaries in Australia and New Zealand, as well as Europe.


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