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» VISIT US ONLINE @ DSNEWS.COM 81 e new BPMI pricing takes effect April 4, 2016. "We took a hard look at recent pricing trends and realized we needed to recalibrate," said Rohit Gupta, President and CEO, Genworth Mortgage Insurance. "In doing so, we're able to provide greater granularity on our pricing while at the same time generate returns that are expected to be in the low to mid-teens in aggregate and to align with the risk-based capital requirements under the Government Sponsored Enterprises' Private Mortgage Insurer Eligibility Requirements." Genworth's updated rate card features reduced rates across all loan-to-value ratios for borrowers with credit scores of 740 or higher and results in weighted-average rates that are consistent with its existing card given the current mix of business. e changes also enable Genworth to remain competitive with government-backed insurance provider, the Federal Housing Administration (FHA). "We were very thoughtful with our new pric- ing approach so as to not considerably disrupt the amount of loans insured by our business versus the FHA. Our goal today is, and always has been, to encourage the use of private capital and ensure balance in the government's role in the housing market," Gupta noted. "is move makes it easier for customers to do business with us. Growing our customers' business, as well as our own, is what we aim to do." WASHINGTON D.C. Baby Boomers Trade Homeownership for Renting As the Baby Boomer generation grows older and enter those "empty-nester" years, many are swapping out their long-tome homes to enter the rental market. A small percentage of Boomers are expected to convert from owning to renting in their empty-nest years, a report John Burns by Jeff Kottmeier said. e 55 and older population is often over- looked—especially when the spotlight has been on millennials for so long—but they are a large part of the housing market. e National Association of Home Build- ers (NAHB) and American Community Survey data found that over 48 million house- holds in the U.S. are headed by someone who is 55 or older, accounting for about 42 percent of all households. Senior households have been rising slowly over the decades, but this is about to change in the coming years. Urban Insti- tute's analysis of housing trends determined that senior households are expected to grow dramatically by 2030. e Institute found in 1990, there were 20 million households for seniors ages 65 and up. In 2010, this number had reached 25.8 million, and by 2030, the institute projects that aging baby boomer households will reach 46 million. "is dramatic growth will occur among both senior homeowners and renters, Urban Institute said. "Our research suggests that from 2010 to 2030, senior homeowners will increase from 20 million to almost 34 million, and senior renters—who include both homeowners who will shift to renting and baby boomers who already rent—will increase from 5.8 million to 12.2 million. e John Burns report determined the fol- lowing about the relationship between renters and Boomers: In many metros, older renters have been driv- ing demand. ese renters rent by choice. ey prefer an urban or suburban mixed-use location that provides convenient access to retail, dining, and cultural amenities. Mature renters prefer smaller, more intimate developments (~180 to 220 units) over large apart- ment complexes. Although 55 percent of newly developed apartments are studio/one-bedrooms units, there is significant demand for larger three-bedroom units, often appealing to boomers. A number of our developer clients wish they had planned a larger mix of 3+ bedroom units in their develop- ments. Contrary to history, three-bedroom units are now often renting for more per square foot than two-bedroom units. "As architects, developers, and investors plan for new communities, consider designing rental communities in locations that cater to the grow- ing demand of boomers," Kottmeier wrote. "To be clear, we are not forecasting the end of home- ownership. We just expect a continued increase in the number of boomers who rent." default servicing in print and online @ dsnews.com 08.2014 default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online .201 .201 .201 .201 .201 .201 .201 .201 .201 .2014 default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online default servicing in print and online @ dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com dsnews.com 08 08 08 08 08 08.201 .201 Housing's Golden Investment or Fairy Tale? While data shows that the housing industry is making a signifi cant rebound, some housing market investors are fi nding that in the realm of purchasing of non-performing notes is a mere fantasy. 68 Q&A SESSIONS GOOD FOR BUSINESS Knowing which questions to ask is a critical piece to investor success in the changing marketplace. 72 PREYING FOR PAYOFF Troubled homeowners are easy prey for scammers, but steps can be taken by homeowners and servicers to make sure their investments are protected. 64 APPLES, ORANGES, AND LEMONS: EFFECTIVELY MEASURING HAZARD- CLAIMS MANAGEMENT If the devil is truly in the details, one of those details for mortgage servicers is managing the mortgagee-fi led hazard insurance claims process. THE LEADER IN DEFAULT SERVICING NEWS Help shape the next issue of DS News. Drop us a line at Editor@DSNews.com. Washington, D.C. only 88 bankruptcy filings during the first two months of 2016. Only three states had a lower number of cumulative bankruptcy filings during January and February combined: (Alaska with 48, Vermont with 84, and North Dakota with 86). Washington, D.C.'s bankruptcy filing per capita average of 0.88 was the sixth-lowest average in the nation, according to AACER bankruptcy data reported by Epiq. KNOW THIS

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