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DS News June 2021

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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52 GENWORTH LAUNCHES IPO, REBRANDS AS ENACT Enact Holdings, Inc. (Enact), a provider of private mortgage insurance through its insurance subsidiaries, is introducing its new brand and visual identity. Formerly known as Genworth Mortgage Holdings, Inc., Enact is a wholly owned operating subsidiary of Genworth Financial, Inc. e rebrand includes a new name, visual identity, and corporate website—www.EnactMI.com—and reflects the Enact group of companies' proactive and responsive approach to serving their customers. "is rebrand is an exciting new journey for us, and while our name and visual identity has changed, what will not change is our commitment to our customers and to our mission: helping people buy houses and stay in their homes," said Rohit Gupta, President and CEO of Enact. "We look forward to continuing to grow with our customers, providing responsive solutions and insightful expertise so lenders can positively impact the lives of more borrowers." Gupta continued: "Our new name, Enact, represents our commitment to action and concrete results, which is demonstrated by our track record of strong performance. We bring together a greater understanding of our customers' businesses, proactive service, and innovative solutions to go the extra mile to serve them, giving them a competitive edge. We look forward to continue focusing on these strengths to drive results for our customers and shareholders." e new brand reflects a pivotal moment in Enact's 40-year operating history. Since 1981, Enact's insurance subsidiaries have successfully navigated several housing market cycles and significant shifts in the housing finance industry. While maneuvering through this constant change, the Enact group of companies have built a strong reputation for trusted, quality service and success, characterized by longstanding customer relationships and a borrower-centric approach. e Enact group will continue to build on this legacy by providing tailored solutions and insightful expertise to its over 1,800 mortgage insurance customers while investing more in the areas that have driven its success to date, including value-add products and services that meet the changing needs of today's lenders and homebuyers, as well as technology that supports our industry-leading customer service in a competitive market environment. ese investments, combined with Enact's expertise in risk management and strong industry tailwinds, can provide the foundation for Enact's future growth. Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month.

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