Our ActionCenter^® will be available according to the following schedule over the Labor Day Holiday:

Friday, September 3		Open 8am–6pm EST
Saturday, September 4 – Monday, September 6		Closed

On August 4, a big step toward FHA Reform was taken. Under unanimous consent, Congress passed H.R. 5981, which grants the FHA the authority to adjust its annual mortgage insurance premium from the current cap of 0.55% to a new cap of 1.55%. The bill is expected to be signed by the President this week. Since FHA is a key player in the mortgage industry, understanding the changes, and how they may impact your mortgage operations, is critical. Visit our MI and FHA Resources page to stay up-to-date on industry changes in the FHA.

FHA Makes Policy Changes (90K)

Based upon evaluation of current market conditions, we will eliminate the condominium and cooperative unit premium adjusters that are currently applied to MI rates beginning August 16, 2010.

Learn More (151K)

Fannie Mae issued Announcement SVC-2010-09, Reporting and Validation of Mortgage Insurance Coverage on July 27 which requires all Fannie Mae seller/servicers to direct mortgage insurers, in writing, to provide Fannie Mae with information concerning their insured loans and loans that they may insure in the future. They provided a Mortgage Insurance Disclosure Instructions and Release form that may be used to direct mortgage insurers to fulfill such requests for loans that they service. Servicers should contact Fannie Mae at 1-888-FANNIE5 (888 326.6435) if they have questions regarding this announcement.

Our preferred method to receive the release form is via fax at 919 870.3751 or you may e-mail it to documentmanagementservices@genworth.com. When a loan file is on hold, the process slows down. We analyzed a sample group of loans to determine the top causes of "holds". Then we put together our tips on how to avoid them. If you're working hard to find the best mortgage for your borrower, now you can compare your options side by side. Our new Rates & Comparisons Tool lets you compare our MI rates to FHA and other Genworth MI product plans. We've got the information you need to make informed decisions about which loan is best for your borrower. Visit MI & FHA Resources for information on these topics:

• Rates and comparisons: FHA and MI
• FHA Policy
• Training and Publications

In today's real estate marketplace, a property appraisal plays a critical role in estimating the market value of a property. We've compiled some helpful tips as you evaluate property appraisals associated with the loans that you underwrite. Now you can upload all of your full package documentation to Genworth when you submit your application online. Our website improvements save time and give you more control! Visit our Making Home Affordable web page for the most up-to-date guidance, submission forms, and answers to frequently asked questions for these programs:

• Genworth Insured Refinances
• Home Affordable Refinance Program (HARP), including Fannie Mae's Refi Plus^TM and DU Refi Plus^TM, and Freddie Mac's Relief Refi^SM
• Home Affordable Modification Program (HAMP)

Welcome to Genworth! Let me show you around Join Genworth's Jackie Lee for a guided tour of all that Genworth Mortgage Insurance has to offer!