Latest Press Releases
Issue Date: 27 August 2008
Genworth Group financial strength rating reaffirmed by Standard & Poor's
Standard & Poor's affirmed its 'AA' financial strength ratings on Genworth Mortgage Insurance Corp. and Genworth Residential Mortgage Insurance Corp. of North Carolina (collectively GMICO), the U.S. domestic mortgage insurance operations of Genworth Financial Inc. (Genworth Financial).
Click here to read the Standard & Poor's press release
Issue Date: 8 August 2008
The Genworth Sydney office has successfully relocated to 101 Miller Street, North Sydney.
Click here to read the full press release
Issue Date: 23 July 2008
2008 Mortgage Trends Report
The desire to own property in Australia is as strong as ever. However, declining housing affordability, growing financial pressures and spiralling rental prices are making it more difficult, according to the latest Mortgage Trends Report released today.
Click here to read the full press release
Issue Date: 1 July 2008
Moody’s Ratings Action
Today, Moody's Investors Service has announced the downgrade to Aa3, from Aa2, of the insurance financial strength ratings of Genworth Mortgage Insurance Corporation (GMICO) and supported affiliates which include Genworth Financial Mortgage Insurance Pty Ltd.
Click here to read Moody's press release
Issue Date: 20 May 2008
MFAA Convention 2008
Congratulations to Paul Cohen from Great Pacific Finance who is the lucky winner of our major prize of a 4 night package holiday to Phuket, Thailand for 2 people, as part of the MFAA Convention held last week.
Click here to read more about the MFAA Convention
Issue Date: 8 May 2008
Genworth Financial Spotlight Series Issue 5 - Managing Mortgage Stress
Recent industry reports suggest an increasing number of Australians are suffering from so called ‘mortgage stress,’ however Genworth statistics show it is not as widespread as has been suggested.
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Issue Date: 24 April 2008
Genworth Financial Reports First Quarter Net Operating Earnings of $0.56 Per Diluted Share
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Issue Date: 22 April 2008
Genworth Financial is ranked 233 in the annual Fortune 500 ranking of America’s largest companies.
Fortune magazine's annual list of the top 500 US companies, ranked by revenues has just been released.
Click here to read more about Genworth's Fortune 500 listing
Issue Date: 3 April 2008
Genworth Financial Sydney Headquarters Relocating to North
Sydney
Genworth today announced it will be relocating its Sydney office to 101 Miller St, North Sydney in August.
Genworth Financial has leased 5,900 square metres over four levels for five years, bringing staff currently housed in three separate CBD locations together.
Click here to read the full press release
Issue Date: 1 April 2008
Genworth Financial helps its 1000th distressed borrower keep their home
Borrowers suffering mortgage stress can avoid losing their homes if they alert their lender early and agree to restructure their finances, according to Genworth Financial. Reacting to increasing levels of mortgage stress, Genworth established its Hardship Solutions program, which has recently approved the 1,000th request for assistance since its inception in November, 2006.
Click here to read the full press release
Issue Date: 12 February 2008
Genworth Financial Spotlight Series Issue 4 - Generation Y
Is Generation Y just interested in spending money on consumer goods and extravagant lifestyles or are they thinking of settling down and taking out a home loan? The latest Spotlight Series profiles Generation Y, discusses how to market to this generation, and looks at their mortgage performance, how to connect with them and what products are suitable.
Click here to read the full press release
Issue Date: 7 February 2008
Genworth Financial Reports Fourth Quarter Net Operating Earnings of $0.71 Per Diluted Share
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Issue Date: 29th January 2008
New Zealand Borrowers Confident about Home Repayments
Most New Zealanders with a mortgage are confident of meeting their repayments over the next year, but there could be clouds on the horizon for those whose fixed interest rate is about to expire, according to a report released today by lenders mortgage insurer, Genworth Financial.
Click here to read the full press release
Issue Date: 25th October 2007
Genworth Financial reports Third Quarter Net Operating Earnings Increase 32 Percent to $0.83 Per Diluted Share
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Issue Date: 4th October 2007
Genworth Financial Spotlight Series - Issue 3: Low-Doc Lending in Australia
The market for low-doc loans is expected to continue to grow in Australia despite the likelihood of increased interest rates and broker regulation. Issue 3 of Genworth’s Spotlight Series discusses the emerging trends of low-doc lending in Australia, stating that the main factor driving demand for this type of mortgage is the growing number of contract and self-employed workers in Australia.
Click here to read the full press release
Issue Date: 25th July 2007
Genworth Announces Volunteers of the Year
Genworth Financial announced the winners of its first Changing the World Awards today, highlighting extraordinary volunteer efforts of six global associates. On behalf of each winner, Genworth will present a $5,000 grant to the charitable organization that the employee designates.
Click here to read the full press release
Issue Date: 19th June 2007
2007 Mortgage Trends report
The slowing down of the property market between 2003 and 2006, after a decade of boom conditions, appears to be over, with First Home Buyers returning to the market and an increase in overall consumer confidence in meeting mortgage repayments according to a report released today.
Click here to read the full press release
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