canada guaranty Archives - Mortgage Rates & Mortgage Broker News in Canada

OSFI’s stress test change sparks industry confusion

November 29, 2024 No Comments

Canada’s banking regulator threw the mortgage industry a curve ball last week when a representative suggested there were some restrictions to a recent policy change most brokers weren’t aware of.

Mortgage insurers clarify qualification rules for VRM applications amid rising rates

July 19, 2022 No Comments

The Bank of Canada’s historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines.

sagen overtakes cmhc in mortgage default insurance

Sagen Overtakes CMHC as Canada’s Largest Mortgage Default Insurer

May 7, 2021 No Comments

The Canada Mortgage and Housing Corporation (CMHC) has reportedly lost its title as Canada’s largest provider of mortgage default insurance. The national housing agency’s total

CMHC’s Siddall Calls on Lenders & Default Insurers to Tighten Lending

August 13, 2020 1 Comment

Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards.

Genworth and Canada Guaranty won't adopt new mortgage rules

Genworth and Canada Guaranty Won’t Adopt CMHC’s New Mortgage Rules

June 8, 2020 7 Comments

Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will not

canada guaranty

OSFI’s stress test change sparks industry confusion

Mortgage insurers clarify qualification rules for VRM applications amid rising rates

Sagen Overtakes CMHC as Canada’s Largest Mortgage Default Insurer

CMHC’s Siddall Calls on Lenders & Default Insurers to Tighten Lending

Genworth and Canada Guaranty Won’t Adopt CMHC’s New Mortgage Rules

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