Genworth Mortgage Insurance Australia Limited (ASX:GMA)
Genworth Mortgage Insurance Australia Limited is a provider of lenders mortgage insurance (LMI) in Australia. The Company also provides tailored risk and capital management solutions for lender customers in the Australian residential mortgage market. LMI facilitates residential mortgage lending by transferring risk from lenders to LMI providers, predominantly for high loan-to-value ratio residential mortgage loans. The Company’s traditional LMI products include Standard Upfront LMI, Monthly Premium LMI, HomeBuyer Plus, and Variations on traditional LMI. LMI offering for lenders seeking cover on loans relating to residential properties located in higher risk market segments.