Westpac has notified brokers today that loans with LVRs greater than 90 % will be directly insured by Genworth, rather than the portfolio insurance currently carried via WLMI.
Will be interesting to see if WLMI want to divest themselves of their lo doc insurance, because that will well and truly stuff the last decent lo doc provider ( WBC and Rams)
I suspect the writing is on the wall perhaps ?
ta
rolf
Will be interesting to see if WLMI want to divest themselves of their lo doc insurance, because that will well and truly stuff the last decent lo doc provider ( WBC and Rams)
I suspect the writing is on the wall perhaps ?
ta
rolf