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
The new Genworth-Insured Refinance
program encompasses all
Genworth-Insured Rate/Term Refinances, including those eligible for the Home Affordable
program. Visit our
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
Use these documents for submitting and reporting HAMP loans to Genworth.
Fannie Mae and Freddie Mac Delegation
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.
Non-GSE Delegation and Second Look Review
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.
Mortgage Insurance discussed in this website is underwritten by Genworth Mortgage Insurance Corporation.