Genworth's Kevin Schneider Elected MICA President.WASHINGTON Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. -- Kevin D. Schneider, president of U.S. mortgage insurance for Genworth Financial Genworth Financial is an international financial services organization that offers a portfolio of primarily consumer-focused products through its various companies, including annuities, combination products, investment services, life insurance, long term care insurance, medicare , has been elected president of the Mortgage Insurance Companies of America (MICA mica (mī`kə), general term for a large group of minerals, hydrous silicates of aluminum and potassium, often containing magnesium, ferrous iron, ferric iron, sodium, and lithium and more rarely containing barium, chromium, and fluorine. ). Schneider succeeds L. Stephen Smith, chairman and chief executive officer of PMI See Private Mortgage Insurance. Mortgage Insurance Co., who continues to serve as a member of the association's executive committee. "This is a dynamic time for our nation's housing market," said Schneider. "We're seeing a clear market shift driving the increasing number of low down payment privately insured mortgages. The high cost of housing in many areas continues to put home purchases out of reach for many families. The mortgage insurance industry will keep working to help low and moderate income borrowers realize their dream of homeownership." Schneider has a bachelor's degree in industrial and labor relations from Cornell University Cornell University, mainly at Ithaca, N.Y.; with land-grant, state, and private support; coeducational; chartered 1865, opened 1868. It was named for Ezra Cornell, who donated $500,000 and a tract of land. With the help of state senator Andrew D. , as well as a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. from Northwestern University's J.L. Kellogg Graduate School of Management. Genworth Mortgage Insurance Corporation is located in Raleigh, NC and online at www.smartermi.genworth.com. Serving alongside Schneider as MICA Vice President and Secretary/Treasurer will be Christopher S. Nard, President and Chief Executive Officer of Republic Mortgage Insurance Company in Winston-Salem, NC. MICA is the trade association representing the private mortgage insurance industry. Its members help loan originators and investors make funds available to home buyers for low down payment mortgages by protecting these institutions from a major portion of the financial risk of default. |
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