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Frequently Asked Questions

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With Genworth Mortgage Insurance, homeownership is...

SOONER. SAFER. SMARTER.

At Genworth, we help borrowers buy a home—and we help them stay there. With mortgage insurance, borrowers can put less than 20% down and buy a home sooner, and our MI products make it possible. Even after closing, our innovative HomeOpeners products and services help keep borrowers in their home if times get tough.

Mortgage Insurance
MI is a smart way for borrowers to buy a home sooner, without having to save for a 20% down payment.
HomeOpeners®
It's the additional value that Genworth brings to borrowers with MI loans that makes Genworth the smart choice.


Announcing New Lower Rates
Genworth is making some changes that are sure to make your MI partner selection much easier.  Effective May 14, we're introducing new competitive rates and also expanding our underwriting guidelines so you can serve even more borrowers.

Announcement 2012-1 (592K)
 
Genworth Announces Q1 Earnings and Organizational Changes
Yesterday afternoon, Genworth Financial released its Q1 earnings results and announced several key organizational changes. These results show continued improvement within Genworth U.S. Mortgage Insurance (USMI), and reflect our continued commitment to our lending partners and the U.S. housing market.

Review highlights from our Q1 earnings results and details regarding the organizational changes. (36K)
 
FHA Price Increases: How Genworth MI Compares to FHA
FHA implemented yet another price increase as of April 9, 2012. Now, more than ever, when you originate more loans with Genworth Mortgage Insurance, your borrowers can realize significant savings. See How the Savings Stack Up with Genworth MI and be sure to use our Rates and Comparisons Tool to make your owns comparisons! For more information, visit MI and FHA Resources.
 
Think beyond FHA. And discover what more awaits.
While the FHA is a key player in the mortgage industry, the ongoing policy changes they are making to strengthen capital reserves—pricing and guideline adjustments, lender enforcement and stricter performance standards—can have a significant impact on your operations—and your borrowers.

That's why it's important to consider your MI options. Genworth Mortgage Insurance may be able to serve more of your borrowers better. Visit our MI and FHA Resources page for more information.

FHA Makes Policy Change (118K)
 
Why 96% of Customers Would Recommend Genworth
With each loan you submit to Genworth, you expect easy access, responsiveness, and dependable expertise. So we take actions day after day to meet your expectations. How are we doing? Here's what we're hearing.
 
Weighing Mortgage Insurance Options
As FHA insurance premiums increase and government oversight intensifies, are the scales tipping in favor of private mortgage insurance? Read the article by Genworth's Chief Commercial Officer, Rohit Gupta.
 
Now You Can Submit ANY Loan on This Website!
You’ve landed on the web destination that’s your single site for every electronic loan submission to Genworth! Whether you’re submitting a loan for MI only or for special programs like HARP or Contract Services, you can submit all of your loans right here with these benefits:
New! HARP Loans Can Be Submitted Online
Your Online Destination for Contract Services Submissions
 
Tax Deductibility of MI: Currently Unavailable
MI tax deductibility is currently unavailable for mortgage premiums paid on or after January 1, 2012. While the legislation is expected to be renewed in early 2012, it may not be. Borrowers should check with their tax advisor for details.
 
Introducing our new "Order" Button
Now, when you click on the new "Order" button from the results screen on our Rates and Comparisons Tool, you're instantly transported from "calculator" mode to our Order and Edit MI screen. Once you're there, you’ll see that the data you entered into our tool pre-fills into our online ordering system. No more double data entry!
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