News

Genworth Financial appoints Tony Gill as new independent Australian board member

24 May 2011 - Genworth

Genworth Financial today announced the appointment of banking and securitisation professional Tony Gill as a new independent director of its board in Australia.

Genworth CEO Ellie Comerford said that Tony Gill's appointment brings a new depth of finance, strategy and mortgage market expertise to the Australian Board, which will help guide Genworth to reach its strategic goals and continue to meet the needs of its customers in a changing market environment.

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Genworth announces expanded hardship assistance

17 May 2011 - Genworth

Genworth Financial (Genworth) today announced an expanded hardship solutions package for borrowers experiencing longer term hardship due to natural disasters.

The overwhelming majority of borrowers who have sought assistance after the recent natural disasters are experiencing hardship due to temporary loss of income. The scale of these events means that, for a number of borrowers, this issue may not be resolved for some months to come.

Working closely with lenders, the new package expands existing initiatives to support extended loss of income, offering a range of repayment break options such as a 50% repayment break for a further 3 months on qualifying loans.

‘Opportunity or obstacle?’

01 May 2011 - The Adviser

Lenders mortgage insurance is a misunderstood but often essential tool to help first time buyers enter the property market. The Adviser asked some of Australia’s leading brokers how they address the topic with their clients and how they overcome common misconceptions

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Natural disasters tip confidence

30 March 2011 - Genworth

The Second Edition of the Genworth Homebuyer Confidence Index reveals homebuyer confidence across Australia has dipped by 1.5% since September 2010 - the second consecutive fall since the launch of the index last year. Despite Australia's relatively strong economic performance, this fall was driven by decreased confidence in the natural disaster affected regions of Queensland and Western Australia coupled with growing concern amongst Australian homebuyers about the rising cost of living.

'Portability could push LMI premiums up: Genworth'

23 March 2011 - The Adviser

Making Lenders Mortgage Insurance fully portable could do more harm than good, Genworth's chief executive Ellie Comerford has claimed. Speaking to The Adviser, Ms Comerford said Treasurer Wayne Swan's proposal to make LMI transferable for borrowers would not work for a couple of reasons.

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'Financial services sector offers flood relief'

31 January 2011 - The Adviser

With the flood waters now subsiding, Australia's majors have all offered increased emergency assistance including the suspension of mortgage and credit card payments for up to three months, an immediate raise in credit limits, the waiving of most fees on new personal and business loans, and no penalties for customers withdrawing term deposits...

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