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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 24, 1999
THE PMI GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-13664 94-3199675
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
601 Montgomery Street, San Francisco, California 94111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (415) 788-7878
___________________________________________________________________
(Former name or former address, if changed since last report.)
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Item 5. Other Events
On December 24, 1999, the Company issued a press release announcing
that its mortgage insurance subsidiary, PMI Mortgage Insurance Co. ("PMI") had
been named as a defendant in a purported class action lawsuit filed in the
United States District Court for the Southern Division of Georgia, Augusta
Division, captioned G. Craig Baynham and Linnie Baynham v. PMI Mortgage
Insurance Company (Case # CV199-241). The complaint alleges that PMI violated
Section 8 of the Real Estate Settlement Procedures Act ("RESPA") by providing
pool insurance, captive reinsurance arrangements, contract underwriting
services or financing arrangements to lenders at below-market prices in return
for referrals by such lenders of primary mortgage insurance business. Lawsuits
were also filed in the same District Court alleging similar violations of
RESPA against Mortgage Guaranty Insurance Corporation, United Guaranty
Corporation and Republic Mortgage Insurance Company.
Item 7. Financial statements, Pro Forma Financial Information and Exhibits
None.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
The PMI Group, Inc.
(Registrant)
December 29, 1999 By: /s/ John M. Lorenzen, Jr.
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John M. Lorenzen, Jr.
Executive Vice President,
Chief Financial Officer
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