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 Foreclosure Prevention Efforts Hit 12-Month High Genworth helped prevent almost $3.4 billion in mortgages from going into foreclosure in the 12 months ending March 31, 2010---a new high. Working with lenders and servicers nationwide, Genworth completed more than 23,000 loan workouts through its Homeowner Assistance program, helping borrowers in financial difficulty keep their homes. The scorecard provides a representative snapshot of mortgage workout trends across the U.S. by analyzing data from Genworth's loss mitigation efforts. Q1 2010 Foreclosure Prevention Scorecard

Access Recent News for media coverage on Genworth's Foreclosure Prevention Scorecard as well as archived editions.

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".