Genworth news

  • Credit Suisse scandal reinforces lending reticence

    A guilty plea entered by a former Credit Suisse Group AG trader relating to the alleged inflation of U.S. subprime mortgage bond prices only reinforces reluctance among Canadian lenders, and that is unwarranted, says one broker.

  • Internet use building monoline support, say brokers

    Client trust in the Internet has grown, a phenomenon making it increasingly easy for brokers to sell monolines and not just their branch-heavy brethren.

  • B20 to promote ‘uninsured’ securities market, says broker

    One broker believes the new B20 guidelines should allow lenders to create a residential mortgage-backed security market entirely focused on uninsured loans.

  • Brokers disagree with experts on CMHC privatization

    As Jim Flaherty continues to make waves in the broker channel, limiting the use of portfolio insurance by mortgage lenders in the 2013 budget, the question of privatizing the CMHC has once again been raised as a means of levelling the lending playing field for mortgage insurance.

  • 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.

  • 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.