While long term care costs continue to rise nationally, the cost for in-home care is rising at a much slower pace according to an annual survey from Genworth Financial.
The cost to receive care in the home has risen at an annual rate of just 1.7 percent over the past five years, compared to increases of [...]

Genworth Financial Home Equity Access, Inc. announced it has eliminated the monthly servicing fee for all fixed rate reverse mortgage products for both its wholesale and retail channels.
“By eliminating the monthly servicing fee, our analysis shows that our average client can now gain access to an additional $3,500-$4,500 of their home’s equity,” said Pete [...]

Genworth Financial Home Equity Access, Inc., a subsidiary of Genworth Financial, Inc., announced the release of a competitive fixed rate reverse mortgage product to both its retail and wholesale broker clients.  The fixed rate product features an interest rate of 5.625% said a company statement.
“There’s never been a better time to get a Reverse [...]

Caught like proverbial deer in the headlights, reverse mortgage originators engaged in what is collectively called “cross-selling” are treading ever so carefully – if at all – into such extended marketing activity. According to the national Housing and Economic Recovery Act (HERA) passed last year, “neither mortgagees nor any other party may require mortgagors to [...]

Genworth Financial announced today it’s expanding its wholesale Reverse Mortgage division in response to more than 1,300 new lenders entering the reverse mortgage market in 2008.  Genworth Financial Home Equity Access, has hired additional staff and realigned senior management to better serve the needs of its rapidly growing wholesale customer base.
As part of Genworth’s [...]

Genworth Home Equity Access recently updated its Marketing Solutions Portal, which enables brokers to streamline their direct marketing to business partners.  By utilizing the portal, wholesale partners can customize pre-designed reverse mortgage collateral with their logo, picture, and contact information.
"The marketing solutions portal gives approved and active Genworth Broker Partners the ability to market to [...]

Genworth Financial announced today that it has named Robert R. “Bob” Scott to its Reverse Mortgage leadership team.  He will join Genworth Financial Home Equity Access, Inc. as its Executive Wholesale and Correspondent Lending Sales Leader and will accelerate the expansion of both channels.
Scott brings over 30 years of experience in the financial [...]