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""Fannie Mae"":http://www.fanniemae.com sent a notice to its lenders and servicers Tuesday announcing that the GSE has approved a unit of
[IMAGE] [COLUMN_BREAK]""Genworth Mortgage Insurance Corporation"":http://www.mortgageinsurance.genworth.com/ to provide mortgage insurance for conventional first mortgage loans.
The subsidiary, North Carolina's Genworth Residential Mortgage Assurance Corporation (GRMAC), is approved to write coverage on Fannie Mae loans in a limited number of states, which the GSE says may change over time. The mortgage insurer is responsible for compliance with its state limitations.
Mortgage loans insured by GRMAC are eligible for whole loan purchase or inclusion in a mortgage-backed securities (MBS) pool if they have note dates on or after April 18, 2011.
The GSE's full list of approved mortgage insurers can be found on ""Fannie Mae's business site"":https://www.efanniemae.com/sf/refmaterials/frequsedcodes/pdf/micodes.pdf.
