Genworth Mortgage reduces rates for high-credit borrowers

RICHMOND, Va., March 8, 2016 – Genworth Mortgage Insurance ("Genworth"), a subsidiary of Genworth Financial, Inc. (NYSE: GNW), announced that it has standardized and simplified for customers its Borrower Paid Mortgage Insurance ("BPMI") premium structure. With its transparent and easy to understand structure, the new BPMI rate card provides the clearest path forward for mortgage.

Simply Underwrite(SM) Guidelines Closely Align Coverage with GSE AUS Approvals Genworth U.S. Mortgage Insurance (USMI), a unit of Genworth Financial Inc. (NYSE: GNW), today announced it will reduce rates and expand its Simply Underwrite SM guidelines to eliminate nearly all overlays and ensure ease of use for customers that deliver loans using the automated underwriting systems (AUS) of the.

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and all mortgage loans to borrowers with Fair isaac corporation (fico) credit scores less than 760 will be eligible for new, reduced mortgage insurance rates. Genworth also is introducing new, lower.

Determining a self-employed borrower’s income isn’t always straightforward. That’s why we’ve developed several self-employed borrower calculators to help you calculate and analyze their assets properly.

Genworth’s lower rates on Monthly and Single Premium BPMI rate plans give lenders more flexibility to help borrowers, particularly as the housing market strengthens and interest rates climb.

At Genworth Mortgage Insurance, our business is about getting people in homes and keeping them there. Together with our lender partners, we help make the dream of homeownership a reality for families across the U.S. KNOW MORE

Genworth Mortgage Insurance, a subsidiary of Genworth. Earlier this month, Genworth announced that it would reduce its rates across all loan-to-value ratios for borrowers with credit scores of 740.

The Company provides mortgage default insurance to canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. For more than two decades, Genworth Canada has supported the housing market by providing thought leadership and a focus on the safety and soundness of the mortgage finance system.

Mortgage Down Payment Options What is mortgage insurance? This is a question all of us have when we first enter the mortgage industry. Whether you’re new to mortgage lending or simply need a refresher, this blog post will give you the basics of what MI is, what it’s not, and how it benefits you and your borrowers.