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 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.

Genworth Saves More than $2.3 Billion Worth of Mortgages in the 12 Months Ending September 2009 Working with lenders and loan servicers, Genworth helped complete nearly 18,000 successful mortgage workouts nationwide, resulting in eight out of 10 borrowers keeping their homes. This quarterly scorecard provides a representative snapshot of mortgage workout trends across the U.S. by analyzing data from Genworth's loss mitigation efforts. Q3 09 Foreclosure Prevention Scorecard Central Region Northeast Region Pacific Region Southeast Region	Archive: Q2 09 Scorecard Q1 09 Scorecard Q4 08 Scorecard Q3 08 Scorecard
Audio News Releases  (11/18/09)
National - Genworth Financial saved nearly 18,000 households from foreclosure... Texas - Nine out of 10 Texas homeowners helped... Florida - Foreclosure prevention efforts helped Florida homeowners keep homes... Ohio - $81 million dollars worth of mortgages saved statewide... Arizona - The average mortgage loan saved with each workout topped $150,000...
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 Register for a free webinar or training video on Homeowner Assistance! Visit the Mortgage Insurance & Insights page of our Training & Education section and select "Foreclosure Prevention".