MAKING HOME AFFORDABLE

Created to support a recovery in the housing market, the Treasury Department's Making Home Affordable program will help millions of homeowners refinance or modify their mortgages. Genworth Mortgage Insurance is pleased to support these programs.

Genworth-Insured Refinances and the Home Affordable Refinance Option

Now extended through December 31, 2016

Fannie Mae's Refi PlusTM and DU Refi PlusTM and Freddie Mac's Relief RefinanceSM Mortgage were designed to help homeowners refinance their mortgages to take advantage of current low interest rates.

We've improved our Rates and Comparisons Tool – it's quick, accurate, and easier to use.   Now you can choose the HARP Info Search option to find the information you need to disclose MI premium plan information for a GSE HARP or non-GSE eligible refinance.  Check out the Rates and Comparisons Tool now.

The new Genworth-Insured Refinance program encompasses all Genworth-Insured Rate/Term Refinances, including those eligible for the Home Affordable Refinance program. Visit our Rates page for applicable rates.

Visit our Form Library for applications to submit GSE HARP-Eligible loans for Contract Services or Genworth-Insured Streamlined Refinance loans.

Home Affordable Modification Option

Genworth supports Fannie Mae, Freddie Mac, and other investors who offer loan workout options under the U.S. Treasury's Home Affordable Modification Program (HAMP). Use these documents for submitting and reporting HAMP loans to Genworth. Fannie Mae and Freddie Mac offer separate HAMP programs designed to modify at-risk borrowers' mortgage payments to a more affordable monthly payment. When Fannie Mae is the investor, Genworth delegates authority to Fannie Mae for all loan modification under HAMP. When Freddie Mac is the investor, Genworth delegates loan modifications to the servicers on a limited basis for HAMP loans. Genworth provides limited delegation of modification authority to Approved Participating Servicers for their Non-GSE HAMP loans.
MICA's Retention Solutions Program (RSP) more closely aligns the HAMP process for loans with MI with the processes used for non-MI loans. Currently, RSP only applies to non-GSE loans.

HOME AFFORDABLE FORECLOSURE ALTERNATIVES OPTION

Genworth participates in the US Treasury's Home Affordable Foreclosure Alternatives (HAFA) Program. Servicers who participate in this program help homeowners to alleviate the mortgage debt that they owe and leave their house in order to transition to more affordable housing.

Underwriting Guidelines

View and print our MI underwriting guidelines.

PDF Underwriting Guidelines (1,759K)
Mortgage Insurance discussed in this website is underwritten by Genworth Mortgage Insurance Corporation.
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