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Mortgage Payment Protection for Georgia's First Time Home Buyers

ATLANTA, April 21 /PRNewswire-FirstCall/ -- The Georgia Department of Community Affairs announced today that it will partner with Genworth Financial, Inc. (NYSE: GNW) to bring HomeOpeners(sm) MonthlyPlus to its Georgia Dream Homeownership Program applicants. HomeOpeners(sm) MonthlyPlus is a new monthly payment mortgage insurance product that offers peace of mind to Georgia's first time home buyers in the event of involuntary unemployment at no extra cost to the borrower. It also offers accidental death, dismemberment or disability coverage at no extra cost to the borrower.

The new product, HomeOpeners(sm) MonthlyPlus, pays a borrower's Georgia Dream mortgage obligation for up to six months in the event of involuntary unemployment up to a maximum of $2,000 per month. The accidental death, dismemberment and disability coverage under the HomeOpeners(sm) MonthlyPlus pays up to a maximum of $12,000 per loan. Coverage applies during the first five years of homeownership, as long as mortgage insurance is in effect, at no additional cost to the borrower.

"Working with Genworth, we're able to offer this valuable extra level of security to the home buying process," said Mike Beatty, Commissioner of the Georgia Department of Community Affairs. "We are excited that here in Georgia, HomeOpeners(sm) MonthlyPlus will be offered through Georgia Dream's participating lenders. This will allow our participating lenders to distinguish themselves in the marketplace by offering their customers a real benefit at no additional cost."

"The Georgia Dream Homeownership Program coupled with HomeOpeners(sm) MonthlyPlus provides below market interest rate mortgage financing, down payment and closing cost assistance plus the added benefit of additional protection against foreclosure in the event of involuntary unemployment or serious injury," said Lewis Fain, Senior Vice President, Marketing and Strategic Development of Genworth's U.S. mortgage insurance business. "We're delighted to be working with the Georgia Department of Community Affairs to help first time buyers and to expand homeownership in the state."

About Genworth Financial

Genworth (NYSE: GNW) is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 22 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit www.genworth.com .

To find out more information on Georgia Dream and HomeOpeners(sm) MonthlyPlus contact Christie Cade at 404-679-4939 or ccade@dca.state.ga.us. or Terry Souers of Genworth Financial at 919-846-4459.

SOURCE Genworth Financial, Inc.

CONTACT: Christie Cade, +1-404-679-4939, for Genworth Financial, Inc.