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LTV

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Genworth Bumps 136 Metros From ‘Distressed’ List 

Jul 20, 2009By

Genworth Mortgage Insurance Corp., a division of Genworth Financial [stock GNW][/stock], removed 136 metropolitan markets from its declining and distressed markets list, potentially loosening loan-to-value (LTV) and down payment standards in these areas. Genworth calculates a market as declining based on certain statistics including borrower performance, according to Terry Souers, a spokesman for Genworth’s US mortgage insurance business.