Genworth Mortgage Insurance’s policies for premium refunds on defaulted residential loans varies between Fannie Mae and Freddie Mac.
The Raleigh, North Carolina-based firm currently refunds M.I. premiums on defaulted government-sponsored enterprise loans to the servicer.
But on Fannie Mae mortgages, the mortgage insurance company will begin refunding all premiums on such loans directly to Fannie.
Source: Mortgage Daily