J.G. Wentworth Completes $111 Million Securitization of Structured Settlement and Annuity-Backed Notes


BRYN MAWR, PA--(Marketwire - March 14, 2008) - Specialty finance company J.G. Wentworth today announced the completion of a $111 million securitization of structured settlement and annuity-backed notes.

The transaction represents the company's 17th securitization since 1997.

Commenting on the transaction, J.G. Wentworth's Chief Executive Officer Michael Goodman said, "Completion of this transaction offers testimony to the strength of our program, our longevity in this market and the trust that institutional investors have maintained in our notes despite the prevailing environment for asset-backed securities." Mr. Goodman noted that, "The turbulence in the credit markets which materialized during the summer of 2007 presents an extremely challenging environment for asset-backed notes."

Mr. Goodman added that credit market turbulence has, among other things, caused investors to look beyond ratings and to evaluate more carefully the composition of the exposures behind the assets. "In this respect, J.G. Wentworth's annuity-backed notes have shown their mettle. In markets crowded with notes linked to real estate, sub-prime mortgages or other troubled assets, annuities and strong underlying credits backing our notes have enabled J.G. Wentworth to offer investors important points of differentiation. Equally important, they have enabled J.G. Wentworth to continue its securitization program."

About J.G. Wentworth

J.G. Wentworth is the nation's oldest, largest and most respected buyer of deferred payments for illiquid financial assets such as structured settlements, annuities and life insurance policies. Since 1992, J.G. Wentworth has purchased over $3 billion of future payment obligations. J.G. Wentworth is based in Bryn Mawr, PA. For more information about J.G. Wentworth, visit www.jgwentworth.com.

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