The PMI Group, Inc. News
PMI Promotes John Hanken to Assistant Vice President of Pricing
WALNUT CREEK, Calif., June 18 PRNewswire-FirstCall — PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc. (NYSE: PMI), today announced the promotion of John Hanken to Assistance Vice President of Pricing, where he is responsible for all U.S. structured transaction and mortgage insurance pricing, pricing model development, and financial engineering.
"John has an extensive background in pricing, portfolio management, and profitability analysis," said Leonard Wijewardene, Vice President of Portfolio Management, Analytics, and Pricing. "John's expertise is an asset in today's challenging markets and his promotion is well deserved."
Hanken joined PMI in 2004 as Manager of Quantitative Applications and later became Director of Portfolio Management, where he managed profitability forecasts, business segment analysis, portfolio composition development and tolerances. Prior to PMI, Hanken held positions at Charles Schwab and Co. and Transamerica Corporation.
Hanken has a MBA from Thunderbird Graduate School of International Management and a BA from the University of California, Santa Barbara. He is a CFA charter holder and has also earned the Financial Risk Manager designation.
About PMI Mortgage Insurance Co.
PMI Mortgage Insurance Co. (PMI US), a subsidiary of The PMI Group, Inc. (NYSE: PMI), provides residential mortgage insurance to mortgage lenders, capital market participants, and investors throughout the United States. PMI US 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 home ownership opportunities and assists financial institutions in reducing the capital they are required to hold against low down payment mortgages. For more information: http://www.pmi-us.com.
SOURCE PMI Mortgage Insurance Co.
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