JUPITER MORTGAGE » Genworth

MS One to One with Genworth Financial’s Angel Mas

Mon, 25 Jul 2011 19:04:53 +0000

Angel Mas, president of mortgage insurance for Europe at Genworth Financial sits down with Mortgage Solutions reporter Simret Samra. For more information about Mortgage Solutions visit: www.mortgagesolutions.co.uk

Genworth Financial – New to Canada

Fri, 22 Apr 2011 19:12:29 +0000

GENWORTH LAUNCHES NEW VIDEO SERIES DESIGNED TO HELP EDUCATE HOMEBUYERS: New to Canada Genworth Financial Mortgage Insurance

Genworth Financial – Canadian Housing Market

Fri, 04 Mar 2011 19:06:37 +0000

GENWORTH LAUNCHES NEW VIDEO SERIES DESIGNED TO HELP EDUCATE HOMEBUYERS: Canadian Housing Market Genworth Financial Mortgage Insurance

Genworth Financial Surprises Street With Q4 Loss Due to Increased Reserves (GNW)

Tue, 01 Mar 2011 19:06:15 +0000

Genworth Financial (NYSE:GNW) reported a Q4 loss of 28 cents per share. Analysts were projecting earnings of 16 cents. Genworth’s Q4 results include a $228 million reserve increase which the company said was needed due to current expectations of housing market conditions. Excluding this reserve, the company reported earnings of 19 cents per share. Revenue in the quarter totaled $2.59 billion which was above the consensus estimate of $2.55 billion. Chairman and CEO Michael Frazier said, “We demonstrated solid International results, improvements in Retirement and Protection and good sales momentum in the fourth quarter. However, as a result of losses in the US Mortgage Insurance business, our overall results for the quarter and the year were not acceptable. We are taking aggressive actions on several fronts to improve performance in 2011 and beyond, including strengthening US Mortgage Insurance reserves while maintaining good capital flexibility to support new business growth. We are intensely focused on restoring under-performing business lines to acceptable return levels for the capital allocated while sustaining good performance in our other business lines.”

Who are CMHC & Genworth? Mortgage Insurers

Wed, 01 Sep 2010 19:03:19 +0000

LeahCoss.ca Hi everyone, how are you? It’s Leah Coss with the Mortgage Center. And I wanted to go over what is the difference between the two mortgage insurers. Now there are three. There’s CMHC which is what people normally use as the go to word. There’s also Genworth as well as AIG. AIG is only used by one lender at the moment. They might make a comeback, but they also might just fall off the board all together. So I’m only going to discuss CMHC and Genworth. Now the primary difference is that CMHC is government run or government overseen, but Genworth is private so that gives them a lot more flexibility. Now how do they differ? Well when it comes to mortgage insurance, if you’re unaware of what this actually does, it doesn’t protect you, it protects the banks. So when you get a mortgage and you’re putting such a small amount of equity down, they’re going to make it so you have to pay these CMHC or Genworth premiums. What these premiums do is if you loose your default and you get foreclosed upon, any losses that you have on this transaction to the bank or any losses that the bank has, they get back from the mortgage insurance. So it’s a good safety net for them. With these, CMHC will give back 100% of the losses, Genworth will do 90%. So every lender uses CMHC, not every lender uses Genworth. Why is it important that we have both out there? Many reasons. But the one that will affect you the most is for example, unauthorized basement suites. If you find a home that has a …

Purchasing Affordable Long Term Care Insurance for Massachusetts AARP Members Simplified by Genworth Financial

Wed, 10 Feb 2010 19:53:38 +0000

Purchasing Affordable Long Term Care Insurance for Massachusetts AARP Members Simplified by Genworth Financial
RICHMOND, Va. , Feb. 8 /PRNewswire-FirstCall/ — Long term care costs in Massachusetts continue to rise at a rate outpacing inflation, putting significant financial pressure on those in or near retirement. As a leader in the long term care insurance industry, Genworth offers a suite of insurance products to help people proactively plan for their future. Now, AARPÂ® members that reside in …

Read more on PR Newswire via Yahoo! Finance