Helia is an Australian
Lenders mortgage insurance
Lenders mortgage insurance (LMI), also known as private mortgage insurance (PMI) in the US, is a type of insurance payable to a lender or to a trustee for a pool of securities that may be required when taking out a mortgage loan. Its purpose is t ...
provider. It is listed on the
ASX and changed its name from
Genworth Mortgage Insurance Australia
Helia is an Australian Lenders mortgage insurance provider. It is listed on the ASX and changed its name from Genworth Mortgage Insurance Australia in October 2022.
In 2018, Helia invested in Tic:Toc, a mortgage fintech.
In 2021, Genworth Fi ...
in October 2022.
In 2018, Helia invested in Tic:Toc, a mortgage
fintech
Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, ...
.
In 2021,
Genworth Financial
Genworth Financial, headquartered in Richmond, Virginia, is an American financial services company. It provides life insurance, long-term care insurance, mortgage insurance, and annuities.
History
The firm was founded as The Life Insurance Comp ...
, an S&P400 insurance provider, sold its 52% of Helia's shares to institutional investors, effectively making Helia an independent company.
In 2022, Helia invested in
OSQO a "deposit gap funder".
In 2022, Helia purchased 22% of
Household Capital
A household consists of one or more persons who live in the same dwelling. It may be of a single family or another type of person group. The household is the basic unit of analysis in many social, microeconomic and government models, and is impo ...
, a
reverse mortgage
A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthl ...
provider.
References
Insurance companies of Australia
Companies with year of establishment missing
Companies listed on the Australian Securities Exchange
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