GREENSBORO, NC—The New Jersey Housing and Mortgage Finance Agency has selected United Guaranty Residential Insurance Company (AIG United Guaranty¹) to be its sole provider of pool insurance.  The insurer will also be one of the agency’s chief providers of primary mortgage insurance.  New Jersey Housing and Mortgage Finance Agency (HMFA) provides funding to increase the availability of and accessibility to safe, decent and affordable housing to families in New Jersey. To date, HMFA has invested more than $7.5 billion in the state, creating close to 134,000 homes.

AIG United Guaranty has committed to insure up to $350 million in loans for HMFA, as part of this two year transaction.

 “We are pleased to once again be working with the New Jersey Housing and Mortgage Finance Agency in providing home ownership opportunities to the citizens of New Jersey,” said Lisa Simmons, Director of Emerging Markets for AIG United Guaranty.

AIG United Guaranty has previously provided pool insurance in Wisconsin, New Hampshire and Illinois. Since forming its affordable housing department in 1993, AIG United Guaranty has worked directly with lenders and housing assistance groups to sponsor low-down-payment programs around the country. The company also provides pre-purchase counseling through The Road to Home Ownership, which is designed to help potential home buyers understand the home-buying process and qualify for mortgages.

About AIG United Guaranty

United Guaranty Corporation (AIG United Guaranty) and its subsidiaries are member companies of American International Group, Inc. (AIG). The company has been headquartered in Greensboro, North Carolina, since it was established in 1963.

Subsidiaries of AIG United Guaranty provide mortgage guaranty insurance for first and second mortgages that protects against mortgage credit losses. In addition, AIG United Guaranty’s comprehensive range of financial products and services to lenders and investors includes mortgage fraud recovery services and private education loan default insurance. AIG United Guaranty’s international locations include offices in Jerusalem, Hong Kong, Taipei, Tokyo, Beijing, Seoul, London, Dublin, Paris, Milan, Madrid, Budapest, Mexico City, Toronto, and Sydney.

About AIG

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG’s common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland, and Tokyo.

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