Genworth Mortgage Insurance Expands Partnerships with Top Retailers to Offer Enhanced Homebuyer Discounts

RICHMOND, Va., Aug. 17, 2016 /PRNewswire/ -- Genworth Mortgage Insurance1, an operating segment of Genworth Financial, Inc. (NYSE: GNW), today announced an expansion of its Homebuyer Privileges® program to include discounts for nearly 300,000 retailers nationwide, including Target, Costco, Sears Commercial and ADT, among others.

The enhanced program, unique to the industry, allows homebuyers to save up to $7,500 through a variety of retailer coupons. Loan Officers can extend these savings to homebuyers regardless of whether or not their loan includes private mortgage insurance from Genworth Mortgage Insurance. Homebuyers have up to 12 months to enroll in the program, and up to 12 months after enrolling to utilize the discounts.

"Our research shows that down payments are still the biggest obstacle to homeownership for many consumers," said Rohit Gupta, President and Chief Executive Officer, Genworth Mortgage Insurance. "By expanding our Homebuyer Privileges program, our customers can offer even more savings that might allow prospective homebuyers to better control their costs and achieve their homeownership dreams sooner."

With a mobile app expected to follow by early next month, this Genworth Mortgage Insurance service has no limits on how many discounts a homebuyer can use during their 12-month eligibility period.

This new offering illustrates Genworth Mortgage Insurance's continued focus on delivering high-quality service to its customers while improving homeownership affordability for homebuyers nationwide

For more information, visit Genworth Mortgage Insurance's website, www.homebuyerprivileges.com.

About Genworth Financial, Inc. Genworth Financial, Inc. is a Fortune 500 insurance holding company committed to helping families achieve the dream of homeownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com.

From time to time, Genworth Financial, Inc. releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com. From time to time, Genworth's publicly traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia Limited, separately release financial and other information about their operations. This information can be found at http://genworth.ca and http://www.genworth.com.au.

1 All mortgage guaranty insurance is underwritten by Genworth Mortgage Insurance Corporation.

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SOURCE Genworth Financial, Inc.