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 http://www.genworth.com.