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.