Fannie Mae has approved Genworth Residential Mortgage Assurance Corporation (GRMAC), a subsidiary of Genworth Mortgage Insurance Corporation (GMICO) and an affiliate of Genworth Residential Mortgage Insurance Corporation of North Carolina (GRMIC-NC), as an insurer of conventional mortgage loans. GRMAC is approved to write coverage on Fannie Mae loans in a limited number of states. The insurer is responsible for compliance with its state limitations and will identify the appropriate insuring entity (GMICO, GRMIC-NC, or GRMAC) in each commitment and certificate that it issues.
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