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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Genworth Financial Inc | NYSE:GNW | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.03 | 0.46% | 6.49 | 6.54 | 6.34 | 6.46 | 3,156,939 | 01:00:00 |
RICHMOND, Va., June 25, 2020 /PRNewswire/ --Â Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), today released takeaways from the first quarter of 2020 by its Chief Economist, Tian Liu. Additional details and charts can be accessed here.
COVID-19 Impact:
"The COVID-19 pandemic pushed the U.S. economy into the sharpest recession on record in March," said Tian Liu, chief economist at Genworth Mortgage Insurance. "The housing market corrected in April, with first-time homebuyer activities down almost 30% in just one month. However, what followed was a quick rebound in May of almost the same magnitude. This is not what we typically see in a normal recession."
The summary of the data and Tian Liu's analysis can be accessed, here.
About Genworth Mortgage Insurance
Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), is headquartered in Raleigh, North Carolina, and operates in all 50 states and the District of Columbia. Genworth Mortgage Insurance works with lenders and other partners to help people responsibly achieve and maintain the dream of homeownership by ensuring the broad availability of affordable low down payment mortgage loans. Genworth has been providing mortgage insurance products and services in the U.S. since 1981.
Disclaimer
Opinions, analyses, estimates, forecasts, and other views included in these materials are those of Tian Liu, are based on current market conditions and are subject to change without notice, do not necessarily represent the views of Genworth or its management, and should not be construed as indicating Genworth's business prospects or expected results. Neither Tian Liu nor Genworth guarantees that the information provided in these materials is accurate, current, or suitable for any particular purpose. Forward looking statements should not be considered as guarantees or predictions of future events.
View original content:http://www.prnewswire.com/news-releases/genworth-mortgage-insurances-economist-takeaways-first-quarter-2020--how-covid-19-impacted-first-time-homebuyers-301083352.html
SOURCE Genworth Mortgage Insurance
Copyright 2020 PR Newswire
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