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Customer Service, AE, MLO, Sales Mgt.; LOS, Sales, Workflow Tools; Lender Earnings Dissected: What is an IRLC?

Customer Service, AE, MLO, Sales Mgt.; LOS, Sales, Workflow Tools; Lender Earnings Dissected: What is an IRLC?
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Genworth Mortgage Holdings, Inc. Announces Launch of Initial Public Offering; Rebranding as Enact


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RICHMOND, Va., May 4, 2021 /PRNewswire/ Genworth Mortgage Holdings, Inc. (GMHI) today announced that it has commenced an initial public offering of 22,576,140 shares of common stock. All of the shares are being offered by the selling stockholder, Genworth Holdings, Inc. (GHI), a wholly owned subsidiary of Genworth Financial, Inc., and net proceeds from the offering will go to GHI. 
In connection with the commencement of the initial public offering, GMHI has announced that it will rebrand, changing its name to Enact Holdings, Inc. (Enact).
The initial public offering price is expected to be between $20.00 and $24.00 per share. GHI expects to grant the underwriters a 30-day option to purchase up to an additional 3,386,420 shares of Enact s common stock at the initial public offering price, less the underwriting discount.  The shares are expected to trade on the Nasdaq Global Select Market under the ticker symbol ACT. ....

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Genworth Financial Announces First Quarter 2021 Results


Genworth Financial Announces First Quarter 2021 Results
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First Quarter Net Income Of $187 Million And Adjusted Operating Income Of $168 Million
Executing On The Company s Strategic Plan Following The Termination Of The Merger Agreement With China Oceanwide Holdings Group Co., Ltd (Oceanwide)
Completed Sale Of Genworth s Interest In Genworth Mortgage Insurance Australia Limited (Genworth Australia) During The Quarter, Resulting In Net Proceeds Of $123 Million After $247 Million Payment To AXA S.A. (AXA) Under The Outstanding Promissory Note
Continued Progress On Planned Partial Initial Public Offering (IPO) Of U.S. Mortgage Insurance (MI) Business
U.S. MI Adjusted Operating Income Of $126 Million, 33 Percent Above Prior Quarter ....

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