Compared to the last quarter (Q4-2012) most of the number are in red for Genworth. While comparing to Q1-2012 – that shows some happy signs…
Blog Archives
Genworth Canada announces lower First Quarter income
Tagged with: Mortgage, Mortgage Insurance
Posted in Default Insurance, delinquency, Mortgage insurance
Posted in Default Insurance, delinquency, Mortgage insurance
More Canadians are saving for higher down payments
Canadian home buyers, specially the first timers are getting smarter in ditching the mortgage insurance premium. Ironically, mortgage insurer Genworth, along with Canadian Association of…
Tagged with: Downpayment, Mortgagage Insurance, Mortgage
Posted in Downpayment, First time buyer, Mortgage insurance
Posted in Downpayment, First time buyer, Mortgage insurance
Protection of Residential Mortgage Insurance Act – Changes
Today Genworth reported that the new Canadian Protection of Residential Mortgage or Hypothecary Insurance Act (“PRMHIA”), which will come into force from January First, 2013…
Tagged with: Mortgage Insurance, Regulation
Posted in Insurance, Law, Mortgage insurance, Regulation
Posted in Insurance, Law, Mortgage insurance, Regulation
Is CMHC helping the housing boom?
CMHC helps Canadian to afford a home by insuring their loans. Without mortgage insurers like CMHC or Genworth, a lot of Canadians will still be…
Some Nitty-Gritties of Mortgage Default Insurance
We already know that when you are going to buy a property using a mortgaged loan with less than 20% down payment, then you have…
Remarks by OSFI staffs to the Senate Banking Committee – on CMHC
Patty Evanoff, a Senior bureaucrat from the Office of the Superintendent of Financial Institutions Canada (OSFI) appeared in front of Senate Banking Committee to explain…
Regulation change coming
Since a number of experts are talking about overheated housing market and financial leveraging, do you think that a regulation is being cooked to cut…
Posted in Mortgage insurance, Mortgage News
Interest rates and conventional wisdom – Changing landscape.
Conventional wisdom says that the total home price should not be more than 2.5 to 3 times of our gross annual income. Some are even…
Posted in Mortgage insurance
Genworth MI Canada is expected to report higher earning in Q2, 2011.
According to its preliminary second quarter 2011 results, announced by Genworth MI Canada, the company expects to report net income in the range of $81…
Posted in Mortgage insurance
Genworth financial results – looking into mortgage insurance business.
In Canada so far mortgage insurance business has been profitable. The recent results announced by Genworth is telling that. Total 17 billion in insurances written…
Posted in Mortgage insurance
