MAKING HOME AFFORDABLE

Created to support a recovery in the housing market, the Treasury Department's Making Home Affordable program will help millions of homeowners refinance or modify their mortgages. Genworth Mortgage Insurance is pleased to support these programs.

Genworth Insured Refinances and the Home Affordable Refinance Option

Now extended through June 30, 2011

Fannie Mae's Refi Plus^TM and DU Refi Plus^TM and Freddie Mac's Relief Refinance^SM Mortgage were designed to help homeowners refinance their mortgages to take advantage of current low interest rates.

Home Affordable Modification Option

Genworth supports Fannie Mae, Freddie Mac, and other investors who offer loan workout options under the U.S. Treasury's Home Affordable Modification Program (HAMP). Use these documents for submitting and reporting HAMP loans to Genworth.

Fannie Mae and Freddie Mac Delegation

Fannie Mae and Freddie Mac offer separate HAMP programs designed to modify at-risk borrowers' mortgage payments to a more affordable monthly payment. When Fannie Mae is the investor, Genworth delegates authority to Fannie Mae for all loan modification under HAMP. When Freddie Mac is the investor, Genworth delegates loan modifications to the servicers on a limited basis for HAMP loans.

Non-GSE Delegation and Second Look Review

Genworth provides limited delegation of modification authority to Approved Participating Servicers for their Non-GSE HAMP loans.
MICA's Retention Solutions Program (RSP) more closely aligns the HAMP process for loans with MI with the processes used for non-MI loans. Currently, RSP only applies to non-GSE loans.

HOME AFFORDABLE FORECLOSURE ALTERNATIVES OPTION

Genworth participates in the US Treasury's Home Affordable Foreclosure Alternatives (HAFA) Program. Servicers who participate in this program help homeowners to alleviate the mortgage debt that they owe and leave their house in order to transition to more affordable housing.