MBA and The PMI Foundation Partner with Habitat For Humanity

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Title:	MBA and The PMI Foundation Partner with Habitat For Humanity
Source:	MBA
Date:	12/30/2004

MBA and The PMI Foundation Partner with Habitat For Humanity
Each Commit $50,000 in Grants

Source:

Mortgage Bankers Association

Date:

December 30, 2004

Contacts

The PMI Foundation
Josh Wozman
(925) 658-6863
josh.wozman@pmigroup.com

Mortgage Bankers Association
Susan Besaw
(202) 557-2871
sbesaw@mortgagebankers.org

Washington, DC (December 30, 2004) – The Mortgage Bankers Association (MBA) and The PMI Foundation have partnered with Habitat For Humanity to provide grants to local Habitat affiliates to construct homes throughout the nation. MBA committed $50,000, which The PMI Foundation matched. The $100,000 will be distributed as ten $10,000 grants to local Habitat affiliates that successfully partner with an MBA State & Local chapter.

"PMI is pleased to partner with MBA and Habitat For Humanity to provide grants to local Habitat affiliates across the country. PMI's business is creating affordable housing opportunities for deserving families. Our partnership with MBA and Habitat advances our commitment and will certainly help put deserving families into the home of their dream," said Roger Haughton, Chairman Chief Executive Officer, The PMI Group, Inc.

"MBA is proud to be working with Habitat For Humanity, with the support of PMI, to reach out to the community and spread the American Dream of Homeownership," said Jonathan L. Kempner, MBA President and CEO. "These grants will help provide decent, affordable homes to those who need it most."

MBA and its member companies have sponsored 56 Habitat homes since 1998. Ten new projects will now be coordinated through MBA's State & Locals allowing MBA to track each project's progress until completion. Additional information and questions on the grant process may be directed to Teresa Betz at MBA at (202) 557-2714.

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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 and 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.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mortgagebankers.org.