Genworth Financial Canada supports new mortgage measures

TORONTO, Feb. 16 /CNW/ - Genworth Financial Mortgage Insurance Company Canada ("Genworth Financial Canada") supports the federal government's actions to introduce sensible mortgage changes. Based on our assessment, we believe these are prudent steps taken to protect and maintain the health and stability of the housing market.

For more information on these new measures, visit http://news.gc.ca/web/index-eng.do

About Genworth Financial Canada:

Genworth Financial Canada, a subsidiary of Genworth MI Canada Inc. (TSX:MIC), has been the leading Canadian private residential mortgage insurer since 1995. Known as "The Homeownership Company", it provides default mortgage insurance to Canadian residential mortgage lenders that enables low down payment borrowers to own a home more affordably and stay in their homes during difficult financial times. Genworth Financial Canada combines technological and service excellence with risk management expertise to deliver innovation to the mortgage marketplace. As of December 31, 2009, Genworth MI Canada had $5.2 billion in total assets and $2.6 billion in shareholders' equity. Based in Oakville, Ontario, the Company employs approximately 265 people across Canada.

Additional information about Genworth Financial Canada is available at www.genworth.ca.

For further information: or to arrange interviews, please contact: Anita DiPaolo-Booth, Genworth Financial Canada, Strategic Marketing Leader, [phone] or [email protected]