GREENSBORO, NC —AIG United Guaranty announced today its support of Fannie Mae and Freddie Mac’s temporary halt to all foreclosure sales on occupied single-family properties – as well evictions from occupied single-family properties – scheduled to occur from November 26, 2008 through January 9, 2009. The mortgage insurer will also work closely with mortgage lenders and servicers who plan to halt foreclosures while they implement their own loan modification programs.

The temporary moratorium on foreclosure sales and eviction lock-outs is intended to allow affected borrowers to retain their homes while Fannie Mae and Freddie Mac work with their overseer, the Federal Housing Finance Agency, to implement a streamlined loan modification program that they announced on November 11, 2008. That program is scheduled to launch on December 15.

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 mortgages that protects against mortgage credit losses. With offices and operations in 15 countries, the company is a global leader in the area of mortgage insurance. In addition, AIG United Guaranty’s comprehensive range of financial products and services to lenders and investors includes structured products, online training, and pre-purchase counseling.

About AIG
American International Group, Inc. (AIG), a world leader 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, as well as the stock exchanges in Ireland and Tokyo.

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