EXHIBIT 21.1
                                ------------
                     THE PMI GROUP, INC. - SUBSIDIARIES

                               Name Under Which
                               Subsidiary Does          Jurisdiction of
Subsidiary Name              Business (If Different)     Incorporation
- ---------------              -----------------------    ---------------

PMI Mortgage Insurance Co.                                  Arizona       
Residential Guaranty Co.                                    Arizona       
American Pioneer Title                                                    
  Insurance Company            Chelsea Title Company        Florida       
                                                                          
PMI Mortgage Services Co.                                   California    
PMI Capital I                                               Delaware      
PMI Mortgage Guaranty Co.                                   Arizona       
PMI Securities Co.                                          Delaware      
Residential Insurance Co.                                   Arizona       
CLM Technologies, Ltd.                                      California    
PMI Capital Corporation                                     Delaware      
TPG Segregated Portfolio Company                            Cayman Islands
TPG Insurance Co.                                           Vermont       
PMI PAC                                                     Arizona