Enact Holdings, Inc. · NASDAQ:ACT
Enact — Corporate Update (January 2020)
51 slides from Enact's corporate update, January 2020
Slide 1: Quarterly Agency Updates and Communications
Quarterly Agency Updates and Communications 4th Quarter and 2019 Summary ©2020 Genworth Financial, Inc. All rights reserved.
Slide 2: Agenda
Agenda Fannie Mae – Notification Center – Lender Announcements and Letters – Program Updates Freddie Mac – Subscription Center – Lender Bulletins and Letters – Product Updates This presentation may not include all Agency communications. Agency Updates 4th Quarter 2019 1
Slide 3: Updated Timeline for URLA
Updated Timeline for URLA https://www.fanniemae.com/content/news/urla-announcement-december-2019.pdf Agency Updates 4th Quarter 2019 2
Slide 4: URLA- Redesigned
URLA- Redesigned https://www.fanniemae.com/singlefamily/uniform-residential-loan-application Agency Updates 4th Quarter 2019 3
Slide 5: Fannie Mae Website - Single Family
Fannie Mae Website - Single Family https://www.fanniemae.com/singlefamily Agency Updates 4th Quarter 2019
Slide 6: https://www.fanniemae.com/singlefamily/news
https://www.fanniemae.com/singlefamily/news Agency Updates 4th Quarter 2019
Slide 7: The Use of Credit Scores
The Use of Credit Scores https://www.fanniemae.com/content/fact_sheet/credit-score-infographic.pdf Agency Updates 4th Quarter 2019 6
Slide 8: Final Rule on Credit Score Models
Final Rule on Credit Score Models https://www.fhfa.gov/Media/PublicAffairs/PublicAffairsDocuments/Validation-and-Approval-of-Credit- Score-Models-Final-Rule.pdf Agency Updates 4th Quarter 2019 7
Slide 9: Fannie Mae Communications
Fannie Mae Communications Announcements, Lender Letters, Release Notes… Agency Updates 4th Quarter 2019 8
Slide 10: Selling Guide SEL 2019-09
Selling Guide SEL 2019-09 Highlights include: ▪ Clarifying Lenders are required to use a reasonable estimate of real estate taxes based on the market value of the land and completed improvements for calculating monthly Real Estate Tax payment ▪ Non-Applicant Debt Clarification - With the December 20
Slide 11: Lender Letter LL-2019-09
Lender Letter LL-2019-09 This Lender Letter has information on the 2020 general and high-cost area loan limits. https://www.fanniemae.com/content/announcement/ll1909.pdf Agency Updates 4th Quarter 2019 10
Slide 12: Lender Letter LL-2019-08
Lender Letter LL-2019-08 The announcement communicates that Lenders they will be required to use the updated Master Policy and related Endorsements for all new loan applications taken on and after 3/1/2020 (with the exception of qualifying High LTV Refinances which are done as certificate modificati
Slide 13: The New URLA
The New URLA Agency Updates 4th Quarter 2019
Slide 14: HomeReady®
HomeReady® https://www.fanniemae.com/content/news/homeownership-education-updates.pdf Agency Updates 4th Quarter 2019 13
Slide 15: DU Release Notes
DU Release Notes Release Notes: Highlights ▪ Construction-to-Permanent Financing for Manufactured Homes ▪ Homeownership Education Requirements ▪ Social Security Number Verification Message ▪ Account Number Display ▪ Updates to Align with the Selling Guide https://www.fanniemae.com/content/release_no
Slide 16: Eligibility Matrix- Updated
Eligibility Matrix- Updated https://www.fanniemae.com/content/eligibility_information/eligibility-matrix.pdf Agency Updates 4th Quarter 2019 15
Slide 17: Arm Index
Arm Index https://www.fanniemae.com/content/news/libor-sofr-transition?utm_campaign=ssn- sell2019iss&utm_source=sfsfmc&utm_medium=email&utm_content=eml-noa-1120b-o-n&utm_term=b2b Agency Updates 4th Quarter 2019 16
Slide 18: https://www.fanniemae.com/content/faq/trending-questions-lenders-faqs
https://www.fanniemae.com/content/faq/trending-questions-lenders-faqs Agency Updates 4th Quarter 2019 17
Slide 19: Surveys
Surveys https://www.fanniemae.com/portal/research-insights/surveys/national-housing-survey.html Agency Updates 4th Quarter 2019 18
Slide 20: Economic & Housing Outlook
Economic & Housing Outlook https://www.fanniemae.com/portal/research-insights/forecast/monthly-archive.html Agency Updates 4th Quarter 2019 19
Slide 21: Publications
Publications https://www.fanniemae.com/portal/research-insights/publications.html Agency Updates 4th Quarter 2019 20
Slide 22: https://www.fanniemae.com/content/news/policy-communications-summary-2019.pdf?utm_campaign=ssn- sell2019iss&utm_sourc…
https://www.fanniemae.com/content/news/policy-communications-summary-2019.pdf?utm_campaign=ssn- sell2019iss&utm_source=sfsfmc&utm_medium=email&utm_content=eml-noa-010220c-o- n&utm_term=b2b Agency Updates 4th Quarter 2019 21
Slide 23: Profit Margin Outlook
Profit Margin Outlook https://www.fanniemae.com/resources/file/research/mlss/pdf/q4-2019-mlss- infographic.pdf?utm_campaign=ssn-sell2019iss&utm_source=sfsfmc&utm_medium=email&utm_content=eml- noa-010220g-o-n&utm_term=b2b Agency Updates 4th Quarter 2019 22
Slide 24: Freddie Mac Updates
Freddie Mac Updates Freddie Mac’s Website – Link to www.freddiemac.com – Subscription Center – Learning Center – http://www.freddiemac.com/loanadvisorsuite/ – Single Family News – Pending Loan Product Advisor® Enhancements Agency Updates 4th Quarter 2019 23
Slide 25: www.freddiemac.com
www.freddiemac.com https://sf.freddiemac.com/about/single-family/subscription-center Agency Updates 4th Quarter 2019 24
Slide 26: Freddie Mac Communications: Bulletins
Freddie Mac Communications Bulletins Agency Updates 4th Quarter 2019 25
Slide 27: 2020 Conforming Loan Limits
2020 Conforming Loan Limits https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Maximum-Conforming-Loan-Limits-for- 2020.aspx?utm_source=eloqua&utm_medium=email&utm_campaign=2019-11-26_AFFORD_WEBSITE_ Agency Updates 4th Quarter 2019 26
Slide 28: Bulletin 2019-25
Bulletin 2019-25 Selling Updates Highlights include the following: ▪ New flexibilities and additional guidance for Mortgages secured by properties that have energy and/or water efficiency improvements (GreenCHOICE MortgagesSM) – February 4, 2020 ▪ Updates to our Credit Score requirements for Mortgag
Slide 29: Bulletin 2019-22
Bulletin 2019-22 Selling Updates Highlights include the following: Mortgages secured by properties subject to income- based resale restrictions - announces new and revised requirements to facilitate a secondary market for Mortgages secured by income-based resale restricted properties that use deed r
Slide 30: Bulletin 2019-22
Bulletin 2019-22 Selling Updates- continued Highlights include the following: Property eligibility and appraisal requirements - In response to Seller and industry stakeholder inquiries and as part of our Duty to Serve plan, Freddie is providing additional guidance for: – Appraisal adjustments, recog
Slide 31: Bulletin 2019-20
Bulletin 2019-20 Selling Updates ▪ Revisions to requirements for employed income analysis and calculation – Required by April 2, 2020 ▪ Revisions to Employer Assisted Homeownership (EAH) Benefits that are unsecured loans or secured loans ▪ New Guide Chapter 4305 with requirements specific to purchas
Slide 32: Servicing Bulletins
Servicing Bulletins https://guide.freddiemac.com/app/guide/bulletins Agency Updates 4th Quarter 2019 31
Slide 33: Freddie Mac Communications: Tools
Freddie Mac Communications Tools Agency Updates 4th Quarter 2019 32
Slide 34: Loan Product Advisor Documentation Matrix
Loan Product Advisor Documentation Matrix http://www.freddiemac.com/learn/pdfs/uw/docmatrix.pdf Agency Updates 4th Quarter 2019 33
Slide 35: Loan Product Advisor Documentation Matrix
Loan Product Advisor Documentation Matrix Tool to help document files https://sf.freddiemac.com/content/_assets/resources/pdf/update/docmatrix.pdf Agency Updates 4th Quarter 2019 34
Slide 36: GreenChoice Mortgages
GreenChoice Mortgages https://sf.freddiemac.com/content/_assets/resources/pdf/other/greenchoice_mortgages.pdf Agency Updates 4th Quarter 2019 35
Slide 37: An Enhanced Single-Family Guide and Website
An Enhanced Single-Family Guide and Website https://www.youtube.com/watch?v=tKp1W7PWbzA Agency Updates 4th Quarter 2019 36
Slide 38: Lender News
Lender News http://app.infofreddiemac.com/e/es?s=325135053&e=91397&elqTrackId=19241722ba264d67b7fd712576fff 4eb&elq=d5f5da50e85646ba999f47951ddd259d&elqaid=7163&elqat=1 Agency Updates 4th Quarter 2019 37
Slide 39: Economic & Housing Research
Economic & Housing Research http://www.freddiemac.com/fmac-resources/research/pdf/201908-Forecast.pdf Agency Updates 4th Quarter 2019 38
Slide 40: Choice Products
Choice Products CHOICEHome GreenCHOICE Agency Updates 4th Quarter 2019 39
Slide 41: Feedback Messages
Feedback Messages https://sf.freddiemac.com/content/_assets/resources/pdf/other/sept_loan_product_advisor_feedback_messages .pdf Agency Updates 4th Quarter 2019 40
Slide 42: Agency Updates 4th Quarter 2019
Agency Updates 4th Quarter 2019 41
Slide 43: https://www.fhfa.gov/MortgageTranslations/
https://www.fhfa.gov/MortgageTranslations/ Agency Updates 4th Quarter 2019 42
Slide 44: Genworth Rate Express®
Genworth Rate Express® mi.genworth.com Agency Updates 4th Quarter 2019 43
Slide 45: Genworth Underwriting Guidelines
Genworth Underwriting Guidelines mi.genworth.com Agency Updates 4th Quarter 2019 44
Slide 46: LOS Connections
LOS Connections mi.genworth.com Agency Updates 4th Quarter 2019 45
Slide 47: Training Tools and Information
Training Tools and Information mi.genworth.com Agency Updates 4th Quarter 2019 46
Slide 48: Training Tools and Information
Training Tools and Information mi.genworth.com Agency Updates 4th Quarter 2019 47
Slide 49: Additional MI Site Information
Additional MI Site Information mi.genworth.com Agency Updates 4th Quarter 2019 48
Slide 50: Your Genworth Resources
Your Genworth Resources ➢ ActionCenter®: 800 444.5664 ➢ Your Local Genworth Regional Underwriter ➢ Your Genworth Sales Representative Agency Updates 4th Quarter 2019 49
Slide 51: 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