Enact Holdings, Inc. · NASDAQ:ACT
Enact — Investor Presentation (April 2019)
36 slides from Enact's investor presentation, April 2019
Slide 1: Freddie Mac's HomeOne Mortgage: An Overview
Freddie Mac’s HomeOneSM Mortgage An Overview April 2019 Genworth Mortgage Insurance Corporation ©2019 Genworth Financial, Inc. All rights reserved.
Slide 2: Agenda
Agenda In Today’s Session We Will Cover: Freddie Mac’s HomeOne Mortgage – Website and Recent Bulletins and Communications – Freddie Mac’s 97% LTV Mortgage Options, HomeOne vs. Home Possible® 97% – Homebuyer Education Options – Resources and Tools – Genworth Mortgage Insurance Rate Express® a
Slide 3: Freddie Mac Bulletins 2018-7 and 2018-8
Freddie Mac Bulletins 2018-7 and 2018-8 Introduction of the Program – Updated delivery requirements for education (created new Section 6302.41 http://www.freddiemac.com/singlefamily/guide/bulletins/pdf/bll1807.pdf Freddie Mac's HomeOne Mortgage 3
Slide 4: Bulletin 2018-13
Bulletin 2018-13 Selling Updates – Consolidation of Home Possible and Home Possible Advantage into a single offering, effective October 29, 2018 – Home Possible now includes LTV/TLTV/HTLTV to 97% Freddie Mac's HomeOne Mortgage 4
Slide 5: www.freddiemac.com
www.freddiemac.com http://www.freddiemac.com/singlefamily/mortgages/homeone/homeone.html Freddie Mac's HomeOne Mortgage 5
Slide 6: Freddie Mac HomeOne
Freddie Mac HomeOne http://www.freddiemac.com/singlefamily/factsheets/sell/pdf/homeone.pdf Freddie Mac's HomeOne Mortgage 6
Slide 7: Freddie Mac Selling Guide
Freddie Mac Selling Guide Freddie Mac's HomeOne Mortgage 7
Slide 8: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible : 97% LTV ‒ Underwriting Path: Must be ‒ Underwriting Path: May be submitted to Loan Product Advisor® submitted to Loan Product Advisor ‒ Mortgage Flexibility: Fixed rate or manually underwritten conforming loans, with a term of
Slide 9: Freddie Mac Loan Look-Up Tool
Freddie Mac Loan Look-Up Tool https://ww3.freddiemac.com/loanlookup/ Freddie Mac's HomeOne Mortgage 9
Slide 10: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible : 97% LTV ‒ Property Ownership: At least ‒ Property Ownership: *There is no one of the borrowers must be a restriction on ownership of property first-time homebuyer. A first-time buyer is an individual that: ‒Is purchasing the mo
Slide 11: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible: 97% LTV ‒ Minimum Borrower ‒ Minimum Borrower Contribution: Contribution: No minimum No minimum contribution from contribution from Borrower Borrower Personal Funds is required Personal Funds is required ‒ Property Type: Single
Slide 12: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible: 97% LTV ‒ Minimum Reserves: For Loan ‒ Minimum Reserves: For Loan Product Advisor Mortgages, Product Advisor Mortgages, verify verify all reserves required by all reserves required by Loan Loan Product Advisor, as stated Product
Slide 13: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible: 97% LTV ‒ Secondary Financing: No ‒ Secondary Financing: Only permitting HELOC’s permitted. TLTV Affordable Seconds meeting the allowed to 105% only with requirements in Guide Section 4204.2. Affordable Second The Affordable Sec
Slide 14: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible Advantage: 97% LTV Qualifying Ratios: Qualifying Ratios: ‒ For Loan Product Advisor ‒ For Loan Product Advisor Mortgages Mortgages ‒ Determined by Loan Product Advisor ‒ Determined by Loan Product Advisor ‒ For Manually Underwrit
Slide 15: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible: 97% LTV ‒ Income Limits: No Income ‒ Income Limits: The borrower must Limits meet income limits. Income must not exceed 100% of (AMI) for the location of the property. Loan Product Advisor will determine the income eligibility;
Slide 16: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible 97% LTV – Credit Underwriting Loan – Credit Underwriting Loan Product Advisor: A borrower’s Product Advisor: A borrower’s credit reputation is acceptable if credit reputation is acceptable if the the HomeOne mortgage receives a H
Slide 17: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible : 97% LTV – Loan Product Advisor Entry: – Loan Product Advisor Entry: Use N/A Offering Identifier Code “250” Freddie Mac's HomeOne Mortgage 17
Slide 18: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible: 97% LTV – Mortgage Insurance: – Mortgage Insurance: – 35% mortgage insurance – 25% MI coverage applies to LTV >90% coverage applies for LTV >95% – Standard Coverage applies to ≤90% LTV – See Selling guide for info on custom cove
Slide 19: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible: 97% LTV – Post Settlement Delivery Fees: – Post Settlement Delivery Fees: Standard Credit Fees and Pricing Refer to Guide Exhibit 19 for Apply. Refer to Guide Exhibit 19. applicable post settlement delivery fees and Guide Sectio
Slide 20: Freddie Mac's 97% LTV Mortgages
Freddie Mac’s 97% LTV Mortgages HomeOne: 97% LTV Home Possible: 97% LTV ‒ Home Buyer Education: ‒ Home Buyer Education: Purchases Only - When all Purchases Only - When all borrowers are first-time home borrowers are first-time home buyers, at least one must buyers, at least one must particip
Slide 21: FAQ's
FAQ’s http://www.freddiemac.com/singlefamily/mortgages/homeone/homeone_faq.html Freddie Mac's HomeOne Mortgage 21
Slide 22: FAQ's
FAQ’s http://www.freddiemac.com/singlefamily/mortgages/homeone/homeone_faq.html Freddie Mac's HomeOne Mortgage 22
Slide 23: Freddie Mac CreditSmart tutorial
http://www.freddiemac.com/creditsmart/tutorial.html Freddie Mac's HomeOne Mortgage 23
Slide 24: new.mi.genworth.com
https://new.mi.genworth.com Freddie Mac's HomeOne Mortgage 24
Slide 25: new.mi.genworth.com
https://new.mi.genworth.com Freddie Mac's HomeOne Mortgage 25
Slide 26: Affordable Seconds Checklist
Affordable Seconds Checklist http://www.freddiemac.com/singlefamily/purchasemarket/docs/affordable_seconds_guidelines_factsheet.pdf Freddie Mac's HomeOne Mortgage 26
Slide 27: Home Possible Mortgages FAQs
Home Possible Mortgages FAQs http://www.freddiemac.com/homepossible/home_possible_faq.html Freddie Mac's HomeOne Mortgage 27
Slide 28: Genworth Underwriting Guidelines
Genworth Underwriting Guidelines Freddie Mac's HomeOne Mortgage 28
Slide 29: Genworth Rate Express
Genworth Rate Express® Freddie Mac's HomeOne Mortgage 29
Slide 30: Genworth Rate Express - Reminder
Genworth Rate Express - Reminder Freddie Mac's HomeOne Mortgage 30
Slide 31: LOS Connections
LOS Connections Freddie Mac's HomeOne Mortgage 31
Slide 32: Training Tools and Information
Training Tools and Information Freddie Mac's HomeOne Mortgage 32
Slide 33: Training Tools and Information
Training Tools and Information Freddie Mac's HomeOne Mortgage 33
Slide 34: Additional MI Site Information
Additional MI Site Information Freddie Mac's HomeOne Mortgage 34
Slide 35: Your Genworth Resources
Your Genworth Resources ➢ ActionCenter®: 800 444.5664 ➢ Your Local Genworth Regional Underwriter ➢ Your Genworth Sales Representative Freddie Mac's HomeOne Mortgage 35
Slide 36: 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