6/8/2020 The GSEs released updated guidance on May 19th and May 28th related to COVID-19. Genworth will continue to align in support of the GSEs’ temporary measures as communicated in the updated announcements. Genworth’s alignment with these updates is effective as of the application dates indicated in the GSEs’ communications.
The GSEs’ updates address eligibility requirements for borrowers granted a COVID-19 related forbearance and requirements for borrowers using self-employment income to qualify.
Read Credit Policy Bulletin 2020-07 for complete details on these GSE updates.