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
Android application to calculate mortgage insurance premium
It took a while to finish the application. The calculator is now published in Android marketplace but we hope to add it in other places…
What happens when lenders collude with insurers?
If you thought that the house prices only go up due to low interest rate and high demand then it is time to revise that…
Genworth MI Canada managed to pull strong earnings – despite weakening housing
Genworth reported 13% higher income in 2012, compared to 2011. The majority of the reported income did not come from insuring mortgages of debt laden…
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…
