Original article by Alice Uribe
The Australian Financial Review – Page: 18 : 4-May-17

Genworth Mortgage Insurance Australia has posted a statutory net profit of $A52.2m for the March 2017 quarter, down from $A67.3m for the same period in 2016. Meanwhile, CEO Georgette Nicholas notes that mortgages with high loan-to-value ratios can be appropriate, provided there is sufficient oversight. Nicholas adds that loans with high LVRs are often essential for first-home buyers, and she warns that a crackdown on such loans may prompt people to seek higher-risk loans.

CORPORATES
GENWORTH MORTGAGE INSURANCE AUSTRALIA LIMITED – ASX GMA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY