Items Tagged with 'Genworth Financial'


Court troubles delay China Oceanwide purchase of Genworth Financial

China Oceanwide purchase yet to close
Genworth Financial can’t shut the door on being purchased by one of China’s largest companies just yet, as it faces two possible class action lawsuit from disgruntled shareholders and customers. At the time of the announcement, Genworth noted that the transaction is subject to approval by its stockholders as well as other closing conditions.
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Survey says! The biggest threats to housing: compliance burdens, access to credit

3% down products a start, but industry still needs work
The industry is making progress when it comes to access to credit and compliance, but the same headwinds that burdened the industry over the past year aren’t easing anytime soon, at least that’s what people inside the industry believe. Genworth Mortgage Insurance released the latest results on a survey of mortgage professionals at the 2016 Mortgage Bankers Association Annual Convention and Expo that gauge the state of the industry.
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China Oceanwide buying Genworth Financial for $2.7 billion

Company plans to "strengthen" mortgage insurance business
Private mortgage insurance is booming right now, and one of China’s largest companies wants in. China Oceanwide Holdings Group announced Monday that it plans to buy Genworth Financial, one of the U.S.’s largest mortgage insurers, for $2.7 billion. Here's more on the deal and why the companies feel it's a win for both parties.
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Home sales are rising, so why isn't inventory going up?

First-time homebuyers play a key role
Two facts stand out in today’s housing market: rising home sales and flat/falling inventory. But if people are buying more homes, why aren’t there more homes for sale? Genworth Mortgage Insurance's chief economist explains what exactly is going on and what it means for first-time homebuyers.
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Genworth: The rise of the first-time homebuyer

From the eyes of the industry
Looking through the eyes of those in the heart of the industry, the majority of mortgage professionals expect the first-time homebuyer market share to only get better. New facts coming from a study conducted by Genworth Mortgage Insurance at the 2016 Mortgage Bankers Association Secondary Conference in New York City reveal what the industry expects for the future of housing.
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From HW Magazine

Genworth helps manage mortgage risk for customers

Uses big data and cloud computing for deeper insights
By raising the bar on technology and advancing in-house underwriting capabilities, the company has strengthened its underwriting service levels. Underwriting decisions are now faster and more accurate because they are based on validated data stemming from advancements in corresponding risk management technologies.
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Genworth Mortgage reduces rates for high-credit borrowers

Stays competitive with FHA
Genworth Mortgage Insurance announced on Tuesday that it will reduce its rates across all loan-to-value ratios for borrowers with credit scores of 740 and higher in order to better align with the industry. This move comes during a heightened time of competitiveness between PMIs and the Federal Housing Administration.
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Genworth survey: Compliance with TRID still weighs heavily on housing industry

Technology issues also rate highly for TRID implementation concerns
As the two-month anniversary of the implementation of the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule approaches, concerns over complying with the TRID rules are still weighing heavily on mortgage industry professionals, a new survey showed.
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