According to 2007 press releases they actually paid 50M in cash, so on paper its a 28M loss!
From 2007 press release:
" Liberty Reverse Mortgage Inc. was not for sale. But Genworth Financial Inc. badly wanted to add the nation's fourth-largest originator of reverse mortgages to its stable of financial services.
Last week, its persistence paid off, as Genworth announced it would pay $50 million for the four-year-old Rancho Cordova company. Liberty founders Scott Hanson and Pat McClain could potentially earn more if performance goals are reached, Genworth spokesman Tom Topinka said. "