As Australia’s first Lenders Mortgage Insurance (LMI) provider and a specialist in the field, Helia (formerly Genworth) has played an important part of the Australian residential mortgage-backed securities (RMBS) market.
Helia offers bulk LMI cover for RMBS, which transfers the credit risk associated with shortfall losses on residential mortgages from investors to Helia. This assists lenders by lowering funding costs through reduced subordination levels. We have provided more than A$78 billion of bulk LMI cover for RMBS programmes across 28 lenders in Australia since 1998.
Helia’s vision is to be the leading partner of choice for flexible home ownership solutions. We focus on creating innovative ways to deliver LMI by working with lenders, regulators and policy leaders to promote a strong and sustainable housing market in Australia.