Lenders Mortgage Insurance

• Ian Rogers

For only the second time in 60 years, Commonwealth Bank is seeking a Request for Proposals for it lenders mortgage insurance business, a contract held all these decades by Helia and its predecessor, H.. read more

• John Kavanagh

The Australian government’s Home Guarantee Scheme is undercutting the lenders mortgage insurance market to the tune of around A$250 million a year, LMI sector leader Helia says. read more

• John Kavanagh

Mortgage borrowers have surprisingly little understanding of lenders mortgage insurance and few brokers are likely to recommend it to them, new research shows. read more

• John Kavanagh

A lower rate of mortgage lending at high LVRs, reduced first home buyer activity and the expansion of the government’s Home Guarantee Scheme all contributed to a fall in new business for lenders mortg.. read more

• Ian Rogers

On the cusp of a recession, Helia (formerly Genworth) - the dominant force in lenders mortgage insurance - rustles up a special dividend.  Go figure. read more

• George Lekakis

ANZ is speeding up and hiring to keep up, and now its loosening risk settings at a time of economic turbulence. read more

• John Kavanagh

Genworth Mortgage Insurance Australia shareholders have voted in favour of a proposal to change the company’s name to Helia Group Ltd. read more

• John Kavanagh

Shine Lawyers announced that it is investigating a potential class action on behalf of people who bought Aussie Home Loans Mortgage Protection Plan policies. read more

• John Kavanagh

Unusually low claims offset a significant fall in Genworth Mortgage Insurance Australia’s new business volume in the six months to June, in what the company said was “a very unusual period”. read more

• John Kavanagh

After an anxious time last year, while it waited months for its biggest customer, Commonwealth Bank, to renew its lenders mortgage insurance contract, Genworth Mortgage Insurance Australia is having a.. read more

• George Lekakis

Thousands of prospective home buyers already bracing for more official rate rises will be hit with higher mortgage insurance premiums from next week. read more

• Banking Day staff

Police Bank has announced that it will increase home loan interest rates by 20 basis points, making it the only lender so far not to pass on the full 25 bps cash rate hike. read more

• George Lekakis

Global mortgage insurer Arch Capital has reported a A$23.5 million net profit from the LMI assets acquired from Westpac last year. read more

• John Kavanagh

Genworth Mortgage Insurance Australia has taken a stake in OSQO, a start-up that hopes to fill home buyers’ deposit gaps. read more

• George Lekakis

Shares in ASX-listed mortgage insurer Genworth rallied on Wednesday after the company issued an upbeat commentary on its December quarter performance. read more

• John Kavanagh

Genworth Mortgage Insurance Australia has renewed its contract with its biggest customer Commonwealth Bank, ending six months of speculation about the future of the relationship. read more

• Banking Day staff

Former ASIC chair Greg Medcraft has joined the board of Australian Finance Group as a non-executive director. read more

• Banking Day staff

Westpac has completed the sale of its lenders mortgage insurance business to Arch Capital Group. read more

• John Kavanagh

The strength of the residential property market helped boost Genworth Mortgage Insurance Australia’s new insurance written and net earned premium in the six months to June, while COVID stimulus and de.. read more

• George Lekakis

Commonwealth Bank has put its LMI conract out to tender for the first time in 50 years, and Genworth is vulnerable. read more