Enact Mortgage Insurance, a subsidiary of the publicly-traded Enact Holdings, Inc. (Nasdaq: ACT), is a prominent U.S. private mortgage insurance provider. Formerly known as Genworth Mortgage Insurance, the company rebranded and became a standalone public entity in 2021. Enact's core business involves providing credit protection to lenders and investors, which helps mitigate losses from mortgage defaults. This insurance enables borrowers to purchase homes with a down payment of less than 20%, thereby expanding access to homeownership while managing risk for the mortgage industry.

Founded in

United States