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Items Tagged with 'Genworth Financial'


MICA: Mortgage insurers write $8.7B in new MI business

December 3, 2013
Mortgage insurers continue writing new business, with members of the Mortgage Insurance Companies of America reporting $8.71 billion in new primary mortgage insurance volume for the month of October.
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Genworth Financial posts $96 million 3Q profit

October 30, 2013
Genworth Financial beat analyst estimates, posting a third-quarter profit of $96 million, or 99 cents a share, up from $85 million, or 82 cents a share, a year earlier.
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Genworth nabs $300M line of credit

September 26, 2013
Genworth Financial and its wholly-owned subsidiary, Genworth Holdings, entered into a new credit agreement that provides Genworth Holdings with a three-year, $300 million revolving line of credit.
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Mortgage insurance stocks look more appetizing

Investors foresee profitable futures
September 19, 2013
Investors are beginning to eye mortgage insurers again, with several suggesting the stocks could face a profitable future.
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Genworth Financial adds two to its leadership team

Strengthens its U.S. Mortgage Insurance unit
September 4, 2013
Paul Gomez and George Reichert joined the senior leadership team at Genworth Financial’s U.S. Mortgage Insurance unit after being named chief operations officer and chief information officer, respectively.
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Genworth introduces Rate Express app

Compares and receives mortgage insurance rates
August 28, 2013
"We designed the Rate Express mobile application based on extensive feedback from customers about the features that would help them be most productive," said Erika Stinson, Genworth U.S. Mortgage Insurance digital channel product manager.
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Balancing Act

Mortgage insurers could face new barriers

What's the cost of stronger underwriting?
August 20, 2013
Mortgage insurers face ongoing challenges as the market attempts to shift to private capital. At the same time, regulators are calling for stronger underwriting standards at private MIs, but the sudden push could stall the return of private capital.
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Former PNC Mortgage CEO joins Freddie Mac

Will serve on board of directors
August 6, 2013
Freddie Mac appointed Saiyid Naqvi, former PNC Mortgage president and CEO, to its board of directors.
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Genworth profitable on improving MI business, cost cuts

July 30, 2013
Genworth (GNW) saw earnings surge in the second quarter as the company's MI unit returned to profit.
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Genworth Financial to cut 400 jobs in search of liquidity

June 6, 2013
Genworth Financial, which provides mortgage insurance through one of three insurance divisions, plans to cut 400 jobs, including 150 open positions that will not be filled...
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