Genworth news

  • CMP releases complete list of nominees

    CMP magazine is sharing all of candidates for the upcoming Canadian Mortgage Awards, the most exhaustive and representative list in the awards’ celebrated history.

  • Who will be Employer of Choice for 2013?

    CMP magazine is revealing another list of finalists for the upcoming Canadian Mortgage Awards, featuring names as popular as they are professional.

  • Genworth 'bulks up' in Q4

    Fourth quarter earnings show Genworth is bullish on bulk insurance – and that’s great news for brokers trying to satisfy self-employed clients.

  • MonCana moves to cover switching costs

    There's more than one way to skin a cat and more than one way for lenders to up their appeal for brokers in an increasingly competitive market.

  • Happy New Year, BFS clients

    Ottawa's move to increase by $50-billion the amount of residential mortgages it will back through Genworth and Canada Guaranty may ultimately accrue to the benefit of alternative clients, suggest some brokers.

  • Montreal condo market slips

    For the first time since 2008, average prices of condos in the Greater Montreal Area tumbled, due largely to tougher mortgage rules and an increase in the amount of inventory, according to a recent report from the Greater Montreal Real estate Board.

  • Pre-sales bump up Toronto housing starts

    Buoyant pre-sales activity for multi-unit projects primarily in the Greater Toronto Area lifted housing start numbers to 222,900 units for the whole of Canada last month but “moderation” is still expected for the remainder of 2013 and the next year, according to CMHC.

  • Rosy condo market forecast for 2013

    Never fear, brokers: First-time buyers, retirees and population growth will fuel the condo market in key Canadian markets this year and next, according to Genworth. Although, some more than others.

  • Genworth bags CMHC 'bulk' business

    Genworth saw its high-ratio premiums slip in the second quarter compared to the year-ago period, driven by weakening demand and growth in low-loan-to-value activity

  • Broker: Time for channel to help subprime orphans

    Broker channel associations and lenders must lobby government on behalf of homeowners effectively orphaned by fleeing subprime lenders and blocked from switching to A lenders because of the new refi rules, said a mortgage professional grappling to keep borrowers in their homes.