Press Release

DBRS Releases Report on United Guaranty and Affiliates

Non-Bank Financial Institutions
April 17, 2009

DBRS has today released a report on United Guaranty Corporation (UGC) and United Guaranty Residential Insurance Company (UGRIC) that supports the recent downgrade of UGRIC’s Financial Strength rating to BBB (high) from AA and UGC’s Issuer Rating to BBB (high) from AA; the trends are Stable.

Today’s report and the April 3, 2009, press release are available at www.dbrs.com.