Genworth announces lower prices and broader credit guidelines in its mortgage insurance unit

Mortgage Insurance

The new regulations are designed to help its lenders to assist a larger number of home buyers. Genworth Financial Inc’s U.S. Mortgage Insurance (USMI) unit, released a statement that said that it will be making a number of adjustments starting on May 14, 2012, which will decrease prices and broaden the underwriting guidelines to help to lower the mortgage insurance costs for most of the mortgage loans that are offered to customers by the lenders. The changes will help more borrowers to qualify for standard mortgage loans. They will also…

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