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Important To Understand How To Value Homes That Incorporate Green Or Sustainable Building Methods, Says Genworth Mortgage Insurance Video

Johnston noted that there isn't a standard definition for features that make a new or existing home green. He said Genworth MI's view includes sustainable construction practices with minimal waste, use of energy and water-efficient appliances, and retrofitting homes to add items like energy efficient windows and insulation. He added that Genworth MI is closely following efforts to develop education, standardization, measurement and verification guidelines that ultimately may allow homeowners to reap the benefits of green design in the context of responsible lending.

In the video, Johnston also describes Genworth's approach to establishing the value of the mortgages it insures. "One thing we know is that markets change and will continue to change. We have lots of tools to measure those changes to see what's happening, both now and what's likely to happen in the future. That type of information is valuable in understanding risk."

Johnston serves on the Board of Trustees of The Appraisal Foundation, is a SRA-designated member of the Appraisal Institute, and is a Certified Residential Appraiser in several states.   

About Genworth Financial Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement -- including life insurance, long term care insurance, and financial protection coverages -- and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, 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.

Related Link: Green Home Valuation Trends

Video with caption: "Green Home Valuation Trends-Genworth MI". Video available at: http://www.youtube.com/watch?v=DgxMcSQX_9M

SOURCE Genworth Financial, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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