Relaxed jumbo requirements at Genworth Mortgage Insurance include higher loan-to-value ratios and lower credit scores. Some premiums were lowered.
For loan amounts of as much as $650,000, the maximum single-family LTV ratio has been raised to 97 percent from 95 percent.
The Raleigh, North Carolina-based said the higher LTV ratio requires a credit score of at least 720 and a maximum debt-to-income ratio of 45 percent.
Source: Mortgage Daily