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Genworth Mortgage Insurance

                                                                                                                            8325 Six Forks Road
                                                                                                                            Raleigh, North Carolina 27615
                                                                                                                            919 846.4100
                                                                                                                            800 444.5664 Toll Free
                                                                                                                            genworth.com
                                                                                                                            mortgageinsurance.genworth.com




March 26, 2012

Announcement CU 2012 – 1
New Relocation Premium Discount
Introducing Military Relocation Program

Dear Valued Customer:

Genworth Mortgage Insurance is now offering a relocation product with discounted mortgage
insurance premiums to help you expand your market and pursue more mortgage business from
members relocated by corporate and military employers.

This offering is effective for MI applications received on or after today, March 26, 2012:

New Relocation Premium Discount
     A .05% discount will apply when obtaining Borrower Paid Monthly Premium MI on loans
     that qualify under Genworth’s relocation guidelines.
     To ensure the discount is applied, make sure to select “relocation discount – employer”
     under the rate products section when submitting your loan.
     In addition to a discounted rate and employer relocation guidelines, Genworth provides
     additional benefits to support your members during the relocation process. For more
     details, see our Relocation Program flier distributed with this announcement.
     The discount is effective for properties in all states except New York, which is pending state
     approval.
     Updated rate cards are available on our website, mortgageinsurance.genworth.com/cu.

Introducing Military Relocation Program
Because members of the military tend to move more often than the average American family,
this relocation product allows you to offer an additional benefit that helps those who serve
their country.
         A .05% discount will apply when obtaining Borrower Paid Monthly Premium MI on loans
         that qualify under Genworth’s military relocation guidelines.
         To ensure the discount is applied, make sure to select “relocation discount – military”
         under the rate products section when submitting your loan.
         Rental income and reserve requirements have been relaxed for military members who
         are converting their current primary residence.
         Our Credit Union Underwriting Guideline Addendum is updated with this information and
         is available on our website, mortgageinsurance.genworth.com/cu.
         See our Military Offerings flier distributed with this announcement, to learn more about
         how our former military employees have worked to create this customized military value
         proposition for you.


Genworth Mortgage Insurance underwriters include: Genworth Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation of
North Carolina, Genworth Residential Mortgage Assurance Corporation
Please distribute this information to the appropriate contacts within your organization. Contact
your Genworth representative or the ActionCenter® at 800 444.5664 for additional information.

Sincerely,



Rohit Gupta
Chief Commercial Officer




Genworth Mortgage Insurance underwriters include: Genworth Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation of
North Carolina, Genworth Residential Mortgage Assurance Corporation

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Genworth's Relocation Letter to Credit Unions

  • 1. Genworth Mortgage Insurance 8325 Six Forks Road Raleigh, North Carolina 27615 919 846.4100 800 444.5664 Toll Free genworth.com mortgageinsurance.genworth.com March 26, 2012 Announcement CU 2012 – 1 New Relocation Premium Discount Introducing Military Relocation Program Dear Valued Customer: Genworth Mortgage Insurance is now offering a relocation product with discounted mortgage insurance premiums to help you expand your market and pursue more mortgage business from members relocated by corporate and military employers. This offering is effective for MI applications received on or after today, March 26, 2012: New Relocation Premium Discount A .05% discount will apply when obtaining Borrower Paid Monthly Premium MI on loans that qualify under Genworth’s relocation guidelines. To ensure the discount is applied, make sure to select “relocation discount – employer” under the rate products section when submitting your loan. In addition to a discounted rate and employer relocation guidelines, Genworth provides additional benefits to support your members during the relocation process. For more details, see our Relocation Program flier distributed with this announcement. The discount is effective for properties in all states except New York, which is pending state approval. Updated rate cards are available on our website, mortgageinsurance.genworth.com/cu. Introducing Military Relocation Program Because members of the military tend to move more often than the average American family, this relocation product allows you to offer an additional benefit that helps those who serve their country. A .05% discount will apply when obtaining Borrower Paid Monthly Premium MI on loans that qualify under Genworth’s military relocation guidelines. To ensure the discount is applied, make sure to select “relocation discount – military” under the rate products section when submitting your loan. Rental income and reserve requirements have been relaxed for military members who are converting their current primary residence. Our Credit Union Underwriting Guideline Addendum is updated with this information and is available on our website, mortgageinsurance.genworth.com/cu. See our Military Offerings flier distributed with this announcement, to learn more about how our former military employees have worked to create this customized military value proposition for you. Genworth Mortgage Insurance underwriters include: Genworth Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation of North Carolina, Genworth Residential Mortgage Assurance Corporation
  • 2. Please distribute this information to the appropriate contacts within your organization. Contact your Genworth representative or the ActionCenter® at 800 444.5664 for additional information. Sincerely, Rohit Gupta Chief Commercial Officer Genworth Mortgage Insurance underwriters include: Genworth Mortgage Insurance Corporation, Genworth Residential Mortgage Insurance Corporation of North Carolina, Genworth Residential Mortgage Assurance Corporation