Genworth Financial this week announced some price and underwriting guideline adjustments aimed at reducing the cost of insurance for most mortgages and making the private mortgage insurer more competitive in the marketplace. Effective for applications received on or after May 14, Genworth is reducing monthly and single premium MI rates (borrower paid and lender paid), subject to state approvals. For monthly premium MI, rates are being lowered for all loans with loan-to-value ratios less than or equal to 95 percent. Rates for LTVs above 95 percent will remain the same, the company said, although new adjustments for...