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Loan Modification
: Mortgage Lender Implode-o-MeterGenworth U.S. Mortgage Business May Profit in 2011
By Implode-Explode Heavy Industries
Genworth Financial Inc., the life insurer and mortgage guarantor, said the business backing U.S. home loans may return to operating profit in the middle of 2011.
The insurer expects to generate a return on equity of more than 20 percent in the business ?over time,? the Richmond, Virginia-based company said in a presentation today.
Full post as published by Mortgage Lender Implode-o-Meter on December 15, 2009 (boomark / email).
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