LIQUIDATION WORKOUTS (Short Sales and Deeds-in-Lieu)

Fannie Mae/Freddie Mac Investor Loans

As of November 1, 2012, Genworth Mortgage Insurance provided delegated authority to Fannie Mae and Freddie Mac for short sales and deeds-in-lieu under the new guidelines released by the GSEs under the direction of the Federal Housing Finance Agency (FHFA). Genworth’s delegated authority allows the GSEs to provide this delegation to servicers based on the specific guidelines that were announced for short sales effective November 1, 2012 and for deeds-in-lieu effective March 1, 2013. Please Note: Even though Genworth’s approval is not required, please refer to Genworth’s Delegated Workout Reporting requirements for this program.

Bank-Owned and Private Bank Investor

Genworth authorizes servicers to decision most Bank-Owned and Private Bank Investor Liquidation workouts under Genworth’s Servicer Delegated Program guidelines.

Liquidation Calculators

Genworth has developed both a Short Sale and Deed-in-Lieu Calculator to assist Servicers in determining if a short sale or deed-in-lieu falls under Genworth’s delegated parameters. A printout of the delegated calculator output must be included in all Liquidation files decisioned under Genworth’s Delegated Program including any Liquidation file submitted to Genworth.

  • Mega and Large Servicers – A spreadsheet (.xls) has been distributed to your organization. If you have not received the spreadsheet through your organization, email
  • Mid to Small Servicers – Request access to our online calculator by emailing

    NOTE: In addition to using the calculators to determine if a loan fits under Genworth’s delegated parameters, servicers are also required to report each Short Sale or Deed-in-Lieu when it is decisioned as approved, failed or completed.
Any liquidation workout which falls outside Genworth’s delegated guidelines should be forwarded via encrypted email to


  • If a Servicer approves liquidation workouts within Genworth’s Delegated Parameters as stated in Genworth’s Servicer Delegated Guidelines, Genworth waives deficiency rights.
  • For workouts that fall outside Genworth’s Delegated Parameters which require submission to Genworth for review, Genworth may at its discretion pursue a deficiency where allowed by law.


Workout Reporting is required. Get the details

Secure Submission

Submit data to Enact using our secure web application.
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