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“They are willing to play this to the end, one way or the other.”
August 13 -
While low interest rates drove up new insurance written, the increased defaults stymied overall performance.
July 30 -
The domestic mortgage insurer could have a portion of its equity sold as an initial public offering if the China Oceanwide transaction were to be terminated.
July 21 -
If the transaction does not go through, Genworth is looking at reviving a spin-out of its U.S. mortgage insurance business.
June 30 -
But the coronavirus put a hold on the market in April and remains an overhanging cloud for the future.
June 25 -
But it is still looking to conserve capital to cover future delinquencies and will likely halt dividends to the parent company.
May 6 -
The latest deadline for Genworth Financial's acquisition by China Oceanwide is June 30, but the parties are looking to get the transaction completed by the end of next month.
April 1 -
With the economy and job market both healthy before the COVID-19 crisis, first-time homebuyers took advantage of low mortgage rates and hit their highest volume in two decades.
March 17 -
Mortgage-related companies finalized four partnerships, a servicing-retention firm went up for sale, and a long-delayed insurance-related transaction moved forward this week in a wave of industry merger and acquisition activity.
March 4 -
The deadline for China Oceanwide to complete its acquisition of Genworth Financial was extended for a 13th time, following completion of the sale of Genworth MI Canada to Brookfield Business Partners.
December 23