BlackNLA Press Release

Press Release

African American Newswire:

Contact: Shelley Bates
Phone: 212-868-9439
Email: shelley.bates@primeaccess.net

Delta Sigma Theta Partners with Chase Home Finance and Genworth Financial To Promote Minority Homeownership

(AANewswire)Washington, D.C., October 6, 2004 – Building on its commitment to promote home ownership, Delta Sigma Theta Sorority, Inc. today announced a partnership with Chase Home Finance to provide discounted and flexible products, dedicated mortgage specialists and financial education and counseling. Chase will offer Delta Sigma Theta members and their families a closing cost rebate, and has established direct access to a broad range of home finance solutions through a dedicated phone number and dedicated local loan officers assigned to the Delta chapters nationwide.

“Our organization understands the role that homeownership plays in stabilizing families, building wealth and creating a legacy for the next generation,” said Dr. Louise A. Rice, the National President of Delta Sigma Theta, the largest minority sorority in the United States . “By joining forces with Chase Home Finance, a leading mortgage lender that has made significant inroads in closing the gap in homeownership among minorities, and Genworth Financial, we are advancing our mission to promote financial literacy and economic empowerment among African American women and the broader community.”

Delta Sigma Theta has more than 290,0000 members and over 900 chapters in 38 states. Last year, when Gwendolyn Boyd, the former president, established homeownership as a priority for the organization, the sorority began working with Genworth Financial, a provider of mortgage insurance, which often is needed for home purchases.

Now, the Chase Home Finance partnership will provide members and their families with discounted and flexible products, dedicated mortgage specialists, educational workshops, financial counseling services, as well as online information on the home buying process. Delta members will also have access to Chase’s Union Plus® Mortgage Program, which offers mortgage discounts and other benefits such as free mortgage assistance in the case of unemployment due to disability, redundancy or short-term strike. Genworth Financial will continue to provide lower-cost alternatives for mortgage insurance.

“We’re delighted to be partnering with Delta Sigma Theta on this very important initiative,” said Thasunda Brown, Chase Home Finance’s Vice President of Strategic Initiatives. “In 2003, Chase Home Finance announced the $500 billion Chase Dream Maker CommitmentSM, a pledge to helping millions of traditionally underserved minorities and communities meet their home financing needs. This partnership will help us deliver on that commitment.”

To support this commitment, Chase has developed a new suite of customized loan products and services and launched a National Housing Advisory Council comprised of key national leaders from minority and under-served segments.

“We’re proud to have played a part in launching this program and look forward to working with Chase,” said Lori Jones Gibbs, Director of Affordable Housing/Emerging Markets for Genworth Financial’s mortgage insurance business and a member of Delta Sigma Theta. “As one of the nation’s leading mortgage insurers, we’re always looking for better ways to educate people on the home buying process so that they can break the rental cycle and start building equity through ownership.”

“Delta Sigma Theta has always been on the forefront of social change,” says Dr. Rice. “The change that is required of African American in the 21st century is wealth creation through homeownership---this partnership is a part of that journey.”

For additional information on the Chase Home Finance and Delta Sigma Theta partnership or membership in the Delta Sigma Theta sorority, please call 1-866-312-0271 or visit the website at www.deltasigmatheta.org.

With the recent merger of JPMorgan Chase & Co. and Bank One Corp., Chase Home Finance’s parent company now includes more than 2,400 Bank One and Chase branches in 17 states. Chase Manhattan Mortgage Corporation is one of the nation’s largest residential mortgage lenders, servicing more than 4 million customers through more than 600 branch-based offices. Chase Manhattan Mortgage Corporation is an Equal Housing Lender.

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			Press Release African American Newswire: Contact: Shelley Bates Phone: 212-868-9439 Email: shelley.bates@primeaccess.net Delta Sigma Theta Partners with Chase Home Finance and Genworth Financial To Promote Minority Homeownership (AANewswire)Washington, D.C., October 6, 2004 – Building on its commitment to promote home ownership, Delta Sigma Theta Sorority, Inc. today announced a partnership with Chase Home Finance to provide discounted and flexible products, dedicated mortgage specialists and financial education and counseling. Chase will offer Delta Sigma Theta members and their families a closing cost rebate, and has established direct access to a broad range of home finance solutions through a dedicated phone number and dedicated local loan officers assigned to the Delta chapters nationwide. “Our organization understands the role that homeownership plays in stabilizing families, building wealth and creating a legacy for the next generation,” said Dr. Louise A. Rice, the National President of Delta Sigma Theta, the largest minority sorority in the United States . “By joining forces with Chase Home Finance, a leading mortgage lender that has made significant inroads in closing the gap in homeownership among minorities, and Genworth Financial, we are advancing our mission to promote financial literacy and economic empowerment among African American women and the broader community.” Delta Sigma Theta has more than 290,0000 members and over 900 chapters in 38 states. Last year, when Gwendolyn Boyd, the former president, established homeownership as a priority for the organization, the sorority began working with Genworth Financial, a provider of mortgage insurance, which often is needed for home purchases. Now, the Chase Home Finance partnership will provide members and their families with discounted and flexible products, dedicated mortgage specialists, educational workshops, financial counseling services, as well as online information on the home buying process. Delta members will also have access to Chase’s Union Plus® Mortgage Program, which offers mortgage discounts and other benefits such as free mortgage assistance in the case of unemployment due to disability, redundancy or short-term strike. Genworth Financial will continue to provide lower-cost alternatives for mortgage insurance. “We’re delighted to be partnering with Delta Sigma Theta on this very important initiative,” said Thasunda Brown, Chase Home Finance’s Vice President of Strategic Initiatives. “In 2003, Chase Home Finance announced the $500 billion Chase Dream Maker CommitmentSM, a pledge to helping millions of traditionally underserved minorities and communities meet their home financing needs. This partnership will help us deliver on that commitment.” To support this commitment, Chase has developed a new suite of customized loan products and services and launched a National Housing Advisory Council comprised of key national leaders from minority and under-served segments. “We’re proud to have played a part in launching this program and look forward to working with Chase,” said Lori Jones Gibbs, Director of Affordable Housing/Emerging Markets for Genworth Financial’s mortgage insurance business and a member of Delta Sigma Theta. “As one of the nation’s leading mortgage insurers, we’re always looking for better ways to educate people on the home buying process so that they can break the rental cycle and start building equity through ownership.” “Delta Sigma Theta has always been on the forefront of social change,” says Dr. Rice. “The change that is required of African American in the 21st century is wealth creation through homeownership---this partnership is a part of that journey.” For additional information on the Chase Home Finance and Delta Sigma Theta partnership or membership in the Delta Sigma Theta sorority, please call 1-866-312-0271 or visit the website at www.deltasigmatheta.org. With the recent merger of JPMorgan Chase & Co. and Bank One Corp., Chase Home Finance’s parent company now includes more than 2,400 Bank One and Chase branches in 17 states. Chase Manhattan Mortgage Corporation is one of the nation’s largest residential mortgage lenders, servicing more than 4 million customers through more than 600 branch-based offices. Chase Manhattan Mortgage Corporation is an Equal Housing Lender. # # #