Enact Holdings, Inc. · NASDAQ:ACT
Enact — Investor Presentation (October 2020)
21 slides from Enact's investor presentation, October 2020
Slide 1: Assets as a Basis for Repayment of Obligations
Assets as a Basis for Repayment of Obligations Fannie Mae and Freddie Mac Guidelines October 2020 Customer Education Brought to you by: Genworth Customer Development and Process Consulting ©2020 Genworth Financial, Inc. All rights reserved. 0
Slide 2: Objective
Objective Understand how to qualify a borrower using eligible assets as qualifying income following Fannie Mae and Freddie Mac guidelines Employment-Related Assets as Qualifying Income 1
Slide 3: Fannie Mae Guidelines
Fannie Mae Guidelines Asset Must Be Employment Related – Assets must be liquid and available to the borrower and must be sourced as: • A non-self-employed severance package or non-self-employed lump sum retirement package (lump sum distribution); these funds must be documented with a distribution le
Slide 4: Fannie Mae Guidelines
Fannie Mae Guidelines Asset Requirements – If the employment-related assets are in the form of stocks, bonds, and mutual funds, 70% of the value (remaining after costs for the transaction and consideration of any penalty) must be used to determine the income stream to account for the volatile nature
Slide 5: Fannie Mae- Eligibility
Fannie Mae- Eligibility Fannie Mae Loan Eligibility For Employment-Related Assets As Qualifying Income Employment-Related Assets as Qualifying Income 4
Slide 6: Fannie Mae- Calculation Example
Fannie Mae- Calculation Example Employment-Related Assets as Qualifying Income 5
Slide 7: Freddie Mac
Freddie Mac Eligible Assets https://guide.freddiemac.com/app/guide/section/5307.1 Employment-Related Assets as Qualifying Income 6
Slide 8: Freddie Mac
Freddie Mac Eligible Assets https://guide.freddiemac.com/app/guide/section/5307.1 Employment-Related Assets as Qualifying Income 7
Slide 9: Freddie Mac
Freddie Mac Eligible Assets https://guide.freddiemac.com/app/guide/section/5307.1 Employment-Related Assets as Qualifying Income 8
Slide 10: Freddie Mac
Freddie Mac Eligible Assets https://guide.freddiemac.com/app/guide/section/5307.1 Employment-Related Assets as Qualifying Income 9
Slide 11: Freddie Mac
Freddie Mac Mortgage Eligibility – Mortgage must be secured by 1- or 2-unit Primary or Second home – Mortgage must be a purchase or “no cash-out” refinance or Freddie mac Enhanced Relief Refinance Mortgage – Mortgage Maximum LTV, TLTV or HTLTV ratio of 80% – Net Eligible Assets are calculated by tak
Slide 12: Freddie Mac
Freddie Mac Delivery Instructions https://guide.freddiemac.com/app/guide/section/6302.33 Employment-Related Assets as Qualifying Income 11
Slide 13: Genworth Underwriting Guidelines
Genworth Underwriting Guidelines Employment-Related Assets as Qualifying Income 12
Slide 14: Genworth Underwriting Guidelines
Genworth Underwriting Guidelines Employment-Related Assets as Qualifying Income 13
Slide 15: Genworth Rate Express®
Genworth Rate Express® Employment-Related Assets as Qualifying Income 14
Slide 16: LOS Connections
LOS Connections Employment-Related Assets as Qualifying Income 15
Slide 17: Training Tools and Information
Training Tools and Information Employment-Related Assets as Qualifying Income 16
Slide 18: Training Tools and Information
Training Tools and Information Employment-Related Assets as Qualifying Income 17
Slide 19: Additional MI Site Information
Additional MI Site Information Employment-Related Assets as Qualifying Income 18
Slide 20: Your Genworth Resources
Your Genworth Resources ➢ ActionCenter®: 800 444.5664 ➢ Your Local Genworth Regional Underwriter ➢ Your Genworth Sales Representative Employment-Related Assets as Qualifying Income 19
Slide 21: Legal Disclaimer
Legal Disclaimer Genworth Mortgage Insurance is happy to provide you with these training materials. While we strive for accuracy, we also know that any discussion of laws and their application to particular facts is subject to individual interpretation, change, and other uncertainties. Our train
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