RICHMOND, Va., June 30, 2015- Genworth Mortgage Insurance, a unit of Genworth Financial, Inc. (NYSE: GNW) today presented research showing that a majority of lending executives surveyed believe many eligible borrowers do not feel they can realistically purchase a home. The findings stem from a poll of 113 lending executives conducted at this year's MBA Secondary Conference where this point of view was voiced by 66 percent of respondents.

"Everything that private mortgage insurance stands for is about helping more borrowers become homeowners," said Rohit Gupta, president and CEO of Genworth Mortgage Insurance. "Many qualified borrowers are uncertain about their own eligibility so it's critical for our industry to be proactive about encouraging homebuyer education as a tool to help borrowers fully understand how the home buying process will work for them."

Below are other key survey findings and, where statistically significant, the findings are broken out to compare broader industry perspectives to those of senior lending executives (CEO, President, Managing Director, Senior Vice President, and Executive Vice President), who accounted for 42 percent of the total sample size.

Limited Concern Over FHA Balance Sheet Following January 2015 Premium Reductions

Sixty-five percent of respondents believe it will take between one to three years for the Federal Housing Administration to meet its required capital levels following its January 2015 premium reduction.

Additionally, 88 percent of respondents do not foresee a major impact to FHA indemnification levels as a result of the premium reductions, believing they will either remain flat or increase by one to five percent over the next 12 months.

Senior Executives Show The Most Concern About Policy Issues

Whereas 53 percent of senior executive respondents believe their business will be impacted by the Private Mortgage Insurance Eligibility Requirements ("PMIERS"), only 38 percent of non-senior executives expressed the same concern.

Senior executives also showed more concern (44 percent) than the rest of the industry (37 percent) about the anticipated revisions to the PMIERs by the Government Sponsored Enterprises ("GSEs") with regard to Lender Paid Mortgage Insurance ("LPMI") premium plans.

Enhanced Financial Literacy A Must

In a separate effort to improve homebuyer education, Genworth revamped its Homebuyer Education website to be more user-friendly. The new course is self-paced and contains seven fewer required registration fields (12) than the industry average (19). It is also the first fully mobile platform of its kind and the first to conform to the National Industry Standards for Homeownership Education and Counseling.

"Our new Homebuyer Education website provides loan officers with a great, no-fee resource for helping borrowers with the home loan process whether mortgage insurance is needed or not," said John Clifford, Senior Vice President of Commercial Operations at Genworth. "The more we can do to encourage them and their borrowers to prioritize homebuyer education, the easier it will be to achieve the goal of successful homeownership."

For more information on Genworth's Homebuyer Education program, visit our website at https://mortgageinsurance.genworth.com/LenderServices/HomebuyerEducation.aspx

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company committed to helping families become more financially secure, self-reliant and prepared for the future. Genworth has leadership positions in mortgage insurance and long term care insurance and product offerings in life insurance and fixed annuities that assist consumers in solving their home ownership, insurance and retirement needs. To help families start "the talk" about their futures and long term care planning, Genworth recently completed the first stage of its national #Lets Talk Tour to encourage conversations and information sharing. 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 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.http://genworth.caand http://www.genworth.com.au.

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