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Genworth pares mortgage insurance losses

Genworth Financial Inc., the mortgage guarantor and life insurer, swung to a fourth-quarter profit on fewer claims tied to delinquent borrowers. Net income was $107 million, or 22 cents a share, vs. a loss of $161 million, or 33 cents, a year earlier. It has cut back the retirement-products business as it tries to maintain sales of mortgage coverage. Its mortgage-insurance unit’s loss narrowed ...

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Canada Guaranty mortgage insurance now available through ING DIRECT

Canada Guaranty mortgage insurance now available through ING DIRECT

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Genworth Financial Swings to a Profit as Mortgage-Insurance Unit Improves

Genworth Financial Inc. (GNW) , the mortgage guarantor and life insurer, swung to a fourth-quarter profit as it faced fewer new claims for U.S. homeowners who fell behind on loan payments.

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Challenging Economy Continues to Weigh on Mortgage Insurers

NEW YORK, NY-- - Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, S&P lowered its outlook on three mortgage insurers ...

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CMHC curbs mortgage insurance offerings to banks

The federal housing agency is serving notice to banks and other lenders that it is nearing the limit on mortgage insurance it can offer them.

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