Homeowner Assistance

Whether in a strong market or during uncertain times, the dream of homeownership is still very much alive. And with mortgage insurance from Genworth, borrowers can take advantage of benefits that go well beyond the initial purchase of the home. Through our Homeowner Assistance (HOA) program, we help preserve the dream of homeownership for borrowers who may be struggling financially.

As part of every Genworth policy—at no additional cost to the homeowner, lender or loan servicer—Genworth's Homeowner Assistance team will work with servicers and directly with delinquent borrowers to identify alternate solutions to keep families in their homes and avoid foreclosure.

More Than $2 Billion Worth of Mortgages Saved in the 12 Months Ending March 2009 Working with lenders and loan servicers, Genworth completed more than 15,000 successful mortgage workouts throughout all 50 states, which helped prevent more than $2 billion in mortgages from going into foreclosure. This quarterly scorecard provides a representative snapshot of overall foreclosure prevention efforts across the U.S., based on Genworth's own loss mitigation efforts. Find out more... Archive: Q4 08 Scorecard Q3 08 Scorecard Q2 08 Scorecard Q1 08 Scorecard	Foreclosure Prevention Scorecard
Audio News Releases  (05/27/09)
National - Learn more about Genworth's national Foreclosure Prevention efforts Florida - Hear how more than $200 million in Florida mortgages were saved from foreclosure Texas - Learn how preventing foreclosures helps individual families and entire communities Georgia - Learn how many Georgia homeowners were able to save their homes
Access Recent News for media coverage on Genworth's Foreclosure Prevention Scorecard.

Education and Training

Genworth Mortgage Insurance offers pre-recorded presentations, plus free live webinars to help the novice and seasoned mortgage and real estate professionals learn more about Homeowner Assistance workout solutions for borrowers.

Recorded Presentations Keeping Families in Their Homes (Cure-Related Workouts) Homeowner Assistance Overview In tough financial times, Homeowner Assistance becomes a critical benefit of mortgage insurance. Learn how to help borrowers avoid foreclosure. Total Time: 5:46

Payment Plans Learn how borrowers can bring their loans current. Total Time: 5:45

Forbearance Plans Some borrowers may need temporary relief from scheduled payments. Learn when this tool is used. Total Time: 5:32

Loan Modifications Assisting the borrower may involve changing one or more terms of the note. Learn more. Total Time: 6:51

Borrower Assistance Learn when advancing funds on the borrower's behalf is the appropriate course of action. Total Time: 7:30

Helping Families out of Homeownership and Avoiding Foreclosure (Non-Cure Workouts) Short Sales Get the facts about selling the home to avoid foreclosure. Total Time: 8:20

Deed-in-Lieu of Foreclosure Learn what's involved with accepting a deed from the borrower to avoid foreclosure. Total Time: 7:16

Webinars To register for an upcoming Homeowner Assistance webinar, visit the Mortgage Insurance & Insights page of the Training & Education section. Three classes are currently available under the "Foreclosure Prevention" category.