Latest news and press releases
Issue date: 14 December 2009
Genworth Servicing Calculator and LMI Underwriting Policy Update
The Genworth Financial Servicing Calculator and LMI Underwriting Policy have been updated to reflect policy changes effective 14 December 2009.
Click here to access the Servicing Calculator
Click here to access the Underwriting Policy
Issue date: 7 October 2009
Genworth Financial Appoints Martin Barter Officer
Martin Barter, CEO of Genworth Australia, has been named an officer of the US parent company based in Richmond, Virginia.
Click here to read the press release
Issue date: 22 July 2009
Genworth releases 2009 Mortgage Trends Report
Our 2009 Australian Mortgage Trends Report focuses on property ownership, entry into the property market, mortgage debt and consumers' plans for the future.
Click here to read the press release
Click here to read the 2009 Mortgage Trends Report
Issue date: 10 June 2009
Genworth launches first edition of Spotlight Express
Our first edition of Spotlight Express focuses on hardship trends, and provides tip on how to manage hardships with borrowers. We also share some emerging trends about claims within our portfolio.
Click here to access the full report
Issue date: 1 June 2009
Genworth launches the online LMI Underwriting Policy
An online version of our LMI Underwriting Policy is now available, accessible from the Lender Resource Centre or the Broker Centre. This online version allows you quick and easy access to Genworth's policy parameters and underwriting guidelines.
Access the online LMI Underwriting Policy subsite
Issue date: 4 March 2009
Genworth fundraiser contributes $50,000 to assist bushfire victims
Genworth responded to Australia’s ”Worst Natural Disaster in 110 Years” and raised $50,000 dollars in donations to help rebuild the lives of the victims of the bushfires.
The need for economic aid in Victoria and New South Wales was immediate and immense. To answer the need, aid has poured in from both Australian and international sources. Genworth Financial, the largest mortgage insurer in Australia, was among the first to answer the call for help.
As soon as the extent of the fires became known, Genworth employees in Australia began reaching deep in their pockets and making individual contributions to help rebuild the lives of the bushfire victims. Working with the United Way, Genworth’s community partner, all donated funds have gone directly to causes benefiting the fire victims.
Genworth employees raised over $10,000, which was then matched by the company, and added to a contribution from the US based Genworth Foundation, for a total of $50,000 to help rebuild sustainable communities in areas affected by this tragedy.
Issue date: 12 February 2009
Genworth Extends Relief Package to Bushfire Victims
Responding quickly to the extensive property damage and dislocation caused by the recent catastrophic bushfires, Genworth has implementing hardship relief parameters. The program will support borrowers affected by the deadly fires in Victoria and New South Wales.
Borrowers with mortgage loans insured by Genworth who have suffered a financial hardship due to the fires can request a temporary deferment of monthly repayments. Options available to affected borrowers include capitalising loan repayments for up to 3 months or extending the loan term.
Genworth employees are also personally raising funds to help the victims of this terrible tragedy, with all donations matched by the business.
Issue Date: 4 February 2009
Genworth enhances lender resource centre
We have recently enhanced the resource centre of our website, to give you quick and easy access to all the right tools and information for all your LMI needs.
Make sure you view Genworth’s newest online tool - buy now or wait and save - the tool helps home buyers make a financial comparison of two outcomes, whether to buy property today, or wait and save a larger deposit. An essential tool when dealing with aspiring home buyers.
Access the Genworth lender resource centre
Buy now or wait and save tool
Issue Date: 20 November 2008
Fitch Withdraws Genworth's Holding Co and Mortgage Insurance Ratings
Fitch Ratings has today withdrawn Genworth Financial, Inc.'s (NYSE: GNW) Issuer Default Rating (IDR) of 'A-'; Negative Outlook, as well as the Insurer Financial Strength (IFS) ratings and Negative Outlook of GNW's U.S., European, Mexican and Australian mortgage insurance operations. Fitch will no longer provide ratings or analytical coverage of these issues.
Click here to read the full press release
Issue Date: 19 September 2008
Genworth Financial, Inc. CEO Applauds SEC Short Selling Ban
Richmond, VA (September 19, 2008) – (NYSE: NGW) The Securities and Exchange Commission’s decision to temporarily ban investors from destructive speculation with an intent to drive stock declines is a step in the right direction, according to Genworth Chief Executive Officer Michael D. Fraizer.
Click here to read the full press release
Issue Date: 19 September 2008
Genworth Financial, Inc. reiterates its strength in light of the current environment.
RICHMOND, Va., Sept. 18 /PRNewswire-FirstCall/ -- While it is not Genworth's practice to comment on market rumors, Genworth believes that its recent stock price performance does not reflect the fundamental condition of the company.
Click here to read the press release
Issue Date: 11 September 2008
'The tie that binds mortgages'
Mortgage Professional Australia (MPA) magazine's recent article sheds light on the unique relationship between lenders and mortgage insurers, highlighting Genworth Financial's partnership with lenders such as GE Money and CBA.
Click here to read the full article
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