A reduction in the price of its mortgage insurance premiums has been announced by Genworth Mortgage Insurance Corp.
The Raleigh, North Carolina-based firm said it is cutting the rates on its single-premium borrower-paid
mortgage insurance.
Genworth said the lower M.I. premiums apply to transactions for borrowers with all credit scores and all loan-to-value ratios.
The mortgage insurer’s rate reduction was disclosed Tuesday in Announcement 2015-5.
In addition, rates have been reduced on single-premium lender-paid mortgage insurance for most LTV ratios
as long as the credit score is at least 760.
The price change impacts M.I. applications that are received on or after Jan. 19, 2016.
A detailed rate sheet with the adjusted premiums is available online at
