Homeownership Opportunities About to Improve
TORONTO, April 23 /CNW/ - In an effort to continue providing clients with
improved homeownership opportunities, First National Financial LP announced
that it will offer clients mortgage insurance through AIG United Guaranty(1).
Reflecting a dynamic, changing mortgage landscape and determined to meet the
demands of the growing mortgage industry, both companies are committed to
further implementing the common vision of improved choice, flexibility and
innovation for homebuyers.
Through a comprehensive suite of flexible mortgage solutions and a
continued focus on tailoring products to meet the needs of the individual
customer, this strategic relationship will prove essential to those interested
in purchasing or refinancing a home.
"As the country's largest non-bank originator and underwriter of
residential mortgages, we are dedicated to providing clients the service and
solutions they want," stated Stephen Smith, President of First National. "Both
First National and AIG United Guaranty will continue our shared commitment to
driving success through exceptional customer service and product innovation."
According to Andy Charles, President and CEO of AIG United Guaranty,
"This new relationship will prove beneficial for both companies. The
combination of Canada's largest non-bank mortgage originator with a member
company of one of the world's largest insurers will deliver innovative
mortgage solutions for Canadians. Together, we will work towards providing
enhanced product availability and flexible underwriting policies for mortgage
professionals and their borrowers across Canada."
To find out more about AIG United Guaranty and First National Financial,
and to discover their plans for improving homeownership, please visit their
Web sites at: www.aigug.ca and www.firstnational.ca.
(1) AIG United Guaranty is a marketing term for AIG United Guaranty
Mortgage Insurance Company Canada.
About First National Financial LP
Voted Best Lender for Broker Service by Taddingstone's Mortgage Broker
First National Financial LP is a Canadian-based originator, underwriter
and servicer of predominantly prime residential (single family and multi-unit)
and commercial mortgages. With over $24 billion in mortgages under
administration, First National is Canada's largest non-bank originator and
underwriter of residential mortgages and is ranked third in market share in
the rapidly growing mortgage broker distribution channel. For more
information, please visit: www.firstnational.ca.
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
product and services to lenders and investors includes mortgage fraud recovery
services and student loan default insurance. AIG United Guaranty's
international locations include offices in Jerusalem, Hong Kong, Beijing,
Taipei, Tokyo, Seoul, London, Dublin, Paris, Copenhagen, Warsaw, Milan,
Madrid, Budapest, Mexico City, Toronto, and Sydney.
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 on the New York Stock Exchange, as well as the stock exchanges in
London, Paris, Switzerland and Tokyo.
For further information:
For further information: Brian Bell (416) 640-8933