The GSEs have released updated guidance related to COVID-19. Genworth will continue to align in support of the GSEs’ temporary measures and flexibilities as communicated in the updated announcements.
The GSEs' temporary policies have been extended from May 17, 2020 and will now apply for loan applications dated on or before June 30, 2020. Some highlights of the recent updates include furloughs and layoffs, unemployment compensation, and GSE owned mortgages.
For details and resources, read Credit Policy Bulletin 2020-06.