NOTIFICATION OF THE REMOVAL FROM LISTING
AND REGISTRATION OF THE STATED SECURITIES

New York Stock Exchange LLC (the 'Exchange' or
the 'NYSE') hereby notifies the SEC of its
intention to remove the entire class of Common
Stock and Preferred Stock Purchase Rights (the
'Securities') of The PMI Group Inc. (the 'Company')
from listing and registration on the Exchange at
the opening of business on January 10, 2012,
pursuant to the provisions of Rule 12d2-2(b), because,
in the opinion of the Exchange, the Securities are no
longer suitable for continued listing and trading
on the Exchange.  The determination to delist the
Company's common stock was reached in view of the
fact that, on November 23, 2011, the Company announced
that it filed a voluntary petition for relief under
Chapter 11 in the U.S. Bankruptcy Court for the
District of Delaware.

Previously, the Company had received on October 21, 2011,
a copy of (i) a Verified Complaint for Appointment of a
Receiver and Injunction, dated October 20, 2011
(the 'Complaint'), seeking among other things an order
appointing the Director of the Arizona Department of
Insurance ('Director'), as receiver to take possession
of the property and business of PMI Mortgage Insurance Co.
('MIC'),  the Company?s wholly-owned subsidiary,
(a hearing on the Complaint is scheduled for January 10, 2012),
(ii) an order, dated October 20, 2011 (the 'Interim Order'),
directing the Director to take possession and control of
MIC pending a hearing on matters addressed in the Complaint
and (iii) an Order of Supervision (the 'Order of Supervision')
for PMI Reinsurance Co., PMI Mortgage Guaranty Co. and
Residential Insurance Co. (collectively, the 'Reinsurers'),
which are wholly-owned subsidiaries of the Company, appointing
a Supervisor and restricting such entities from taking a
variety of actions without the prior approval of the Director
or the Supervisor.  Trading in the common stock has been halted
by the NYSE since October 21, 2011 as the Company, MIC and the
Reinsurers had a right to file a motion seeking to vacate the
Interim Order with the Supreme Court of Arizona in Maricopa
County (the 'Court').

On October 28, 2011, the Company filed a motion to vacate
the Interim Order (the 'Motion') with the Court. A hearing
on the Motion was held on November 8, 2011.  On November 22, 2011,
the Court issued a ruling denying the Motion to vacate the
Interim Order.  On November 23, 2011, the Company announced
that it filed a voluntary petition for relief under Chapter 11
in the U.S. Bankruptcy Court for the District of Delaware as a
result of the above noted matters.

Based on a review of all the circumstances surrounding the
Company, NYSE Regulation has determined pursuant to Section
802.01D of the Listed Company Manual that the Company?s common
stock is no longer suitable for listing on the NYSE.  In making
its determination, NYSE Regulation considered the bankruptcy
filing announced today and noted the uncertainty as to the
timing and outcome of the bankruptcy process, as well as the
ultimate effect of this process on the Company's common
stockholders. In addition, NYSE Regulation considered the
original actions taken by the Director on October 20, 2011 and
the Court's November 22, 2011 decision.  Effectively, these
actions have enabled the Director through the confirmed Interim
Order to take possession of the Company's primary operating
subsidiary's assets and these actions have resulted in a substantial
reduction in the scope of the Company?s operations.  Additionally,
NYSE Regulation notes the uncertainty regarding the effect of the
Director's actions on the Company's equityholders, that the
Company had previously been notified that it had fallen below
the NYSE's continued listing standard for average closing price
of less than $1.00 over a consecutive 30 trading day period, and
that Company is currently a late filer on its outstanding September
30, 2011 Form 10-Q.

1.  The Exchange's Listed Company Manual (the 'LCM'), subsection
802.01D (Bankruptcy and/or Liquidation), states that the Exchange
would normally give consideration to suspending or removing from
the list a security of a company when an 'intent to file under
any of the sections of the bankruptcy law has been announced or
a filing has been made or liquidation has been authorized and the
company is committed to proceed.'

2. The Exchange, on November 23, 2011, determined that the Securities
 of the Company should be suspended immediately from trading,
and directed the preparation and filing with the Commission of
this application for the removal of the Securities from listing
and registration on the Exchange. The Company was notified by
letter on November 28, 2011.

3.  Pursuant to the above authorization, a press release was
immediately issued and an announcement was made on the 'ticker'
of the Exchange at the close of the trading session on
November 23, 2011of the suspension of trading in the Securities.
Similar information was included on the Exchange's website.

4. The Company had a right to appeal to the Committee for
Review of the Board of Directors of NYSE Regulation the determination
to delist its Securities, provided that it filed a written request
for such a review with the Secretary of the Exchange within ten
business days of receiving notice of delisting determination.
On November 29, 2011, the Company stated in its Form 8-K that
it does not intend to contest the suspension or delisting.