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    It’s been nearly three years since Ocwen Financial agreed to offer $2 billion in consumer relief and pay up to $127.3 million to settle a Consumer Financial Protection Bureau investigation into its servicing practices. But it looks like Ocwen may not be done with the CFPB yet, as the company revealed Thursday that the bureau is currently investigating the company’s mortgage servicing practices, which could lead to a fine and/or other disciplinary action. Click the headline to read more.

Items Tagged with 'Genworth Financial'


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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Genworth: G-fee increases to hurt mortgage lending

53% say increases will result in fewer loans
The Federal Housing Finance Agency announced in June that it was seeking industry opinion on Fannie Mae and Freddie Mac guarantee fees, and while the results of this have not been revealed, a new survey of mortgage bankers gives a preview into what lenders expect to happen with increases.
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