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Credit Policy Updates: Collateral Underwriter and GSE Selling Guide

credit policy updates

We've made some changes to our rescission relief credit policy.

Effective with mortgage insurance applications received on or after October 8, 2018, Genworth will grant MI rescission relief for property value on loans with appraisals receiving a Collateral Underwriter Risk Score of ≤2.5, subject to Fannie Mae criteria. You can find more information on our underwriting bulletin 2018-06 including our response to Fannie Mae's Selling Guide updates.

Learn more about our full alignment with Freddie Mac’s Selling Guide updates in our credit policy bulletin 2018-05.

These changes will be reflected in our Underwriting Guidelines and other related collateral in the near future.