Genworth said the mortgage insurer is “designed to meet its near-term liabilities of approximately $1.0 billion of debt due in 2021. An IPO of U.S. MI will be subject to market conditions as well as the satisfaction of various conditions and approvals.”
Reverse Mortgage Funding maintained its second-place position but trailed far behind with $743.5 million. Finance of America, which is controlled by the Blackstone Group, moved up a notch to third place with $577.0 million.