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Genworth Financial to Offer Mortgage Relief to Hurricane Victims
RALEIGH, N.C., Sept. 9 /PRNewswire-FirstCall/ -- Genworth Financial (NYSE: GNW - ) said today that its mortgage insurance business would work with its lenders and investors to provide relief to its insured borrowers who were the victims of Hurricanes Charley and Frances.

The company said it would follow and support the guidelines set by lenders and investors to help those whose homes were damaged or destroyed by the devastating storms. Those guidelines can allow the reduction or suspension of mortgage payments for a specified time, or even create a longer payment schedule. Decisions are made on an individual basis.

"We want to help the people hit so hard by these storms and protect their credit ratings and financial interests," said Kevin Schneider, president of Genworth Financial's U.S. mortgage insurance business. "Together with our lenders and investors, we'll work to let them focus solely on repairing the damage that has been done to their property and their lives."

About Genworth Financial

Genworth Financial is a leading insurance holding company serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers in 20 countries, including the U.S., Canada, Australia, and more than a dozen European countries. For more information, visit