Items Tagged with 'Genworth'


  • China Oceanwide’s $2.7 billion acquisition of Genworth Financial clears one big hurdle

    Receives approval from Treasury Department’s Committee on Foreign Investment
    China Oceanwide Holdings Group’s $2.7 billion acquisition of Genworth Financial, one of the U.S.’s largest mortgage insurers, is now one step closer to fruition, as a governmental inter-agency committee that oversees foreign investment in the U.S. has cleared the deal.
    Read More
  • China Oceanwide’s $2.7 billion acquisition of Genworth Financial still on hold

    Deal still pending after 18 months
    It’s been 18 months since China Oceanwide Holdings Group, one of China’s largest companies, announced that it planned to buy Genworth Financial, one of the U.S.’s largest mortgage insurers, for $2.7 billion, but the deal still isn’t done yet. The deal was initially expected to close in the middle of last year, and now, the closing is delayed again.
    Read More
  • Mortgage insurance companies push back against 50% DTI

    Increase credit score requirements
    Last year, the GSEs announced they were increasing their debt-to-income ratio to 50%, a move that mortgage insurance companies are starting to fight back against. "We are concerned with the recent increase of loans that have debt-to-income ratios exceeding 45%, particularly when combined with weaker credit profiles," one MI company explained.
    Read More
  • Sponsored By
    Genworth Mortgage Insurance Corp.

    Why your customers should build your website

    How Genworth Mortgage Insurance engaged customers in their website makeover
    You know it's crucial to align your site's functionality to your business needs. So, you identify internal stakeholders and frame out the site to align to business requirements. But what about your customers? Why and how should they be involved in the process? And what should you do with their input?
    Read More
  • Genworth: 3% down mortgages key to lock in first-time homebuyers in 2018

    Where will credit expand in 2018?
    With overall mortgage originations projected to decrease in 2018, mortgage lenders are looking to first-time homebuyers to make up a large portion of their business. According to a new survey from Genworth Mortgage Insurance, the majority of lenders anticipate strong first-time homebuyer growth in 2018. So what type of mortgage products will they choose?
    Read More
  • [Charts] Genworth: A historical look at the state of the first-time homebuyer market

    A look back 24 years
    Over the past 24 years, a lot has changed in the first-time homebuyer market, coming in as one of the largest home-buying cohorts and even one of the smallest. Using the historical data from Genworth’s inaugural First-Time Homebuyer Market Report, HousingWire created the following charts to show how the current group of first-time homebuyers compares to the past.
    Read More
  • A private mortgage insurer’s view on the FHA mortgage insurance premium suspension

    Genworth: What is it the government’s role in mortgage insurance?
    When the Department of Housing and Urban Development announced it suspended the reduction of FHA mortgage insurance premiums, it helped the private mortgage insurance market retain $10 billion in volume. Duane Duncan, head of Government relations at Genworth, gave an inside perspective of how the move impacts the private sector, whether it's reenacted or forever off the table.
    Read More
  • 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.
    Read More
  • 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.
    Read More