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  • Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

    Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday. Click the headline to read more.

Items Tagged with 'Genworth Financial'

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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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Genworth Financial adds two to its leadership team

Strengthens its U.S. Mortgage Insurance unit
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
"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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