New homebuying app launched by GenWorth
Recognizing the need for a single tool that provides mortgage professionals on the go with all the information they need to help their clients make sound home-buying decisions, Genworth Canada just released its new app.
The condo soft landing begins?
Sales dipped in in one market that has long been the driver of rapid growth in August, according to the latest statistics.
Room for another mortgage insurer?
The decline of CMHC’s insurance in force has industry players speculating about the need for another player to enter the market.
RBC: cooling market in 2015 but real test to come
One reader believes variable rate mortgages will continue to be the best option for clients going forward, following one big banks market forecast for 2015.
Condo market to land softly but certain markets in danger
The Conference Board of Canada is joining the chorus of experts forecasting a soft landing for Canada’s condo market, though the optimism doesn’t extend to some of the more popular cities.
Insurer stat points to healthy market?
One of Canada’s leading private insurers unveiled strong second quarter results and, perhaps more interestingly, one statistic that potentially points to a healthy housing market.
Daily Market Update
Alberta has far higher household debt than the rest of Canada… Mortgage insurers report lower level of defaults… Academic analysis of the likelihood of a correction… And US lawmakers look to change controversial ‘two door’ rule.
Private insurer picks up CMHC slack
The private insurers continue to win a larger piece of the mortgage default insurance pie following CMHC’s program cuts, with one major insurer reporting strong second quarter earnings.
B-21 to erode credit union competitive advantage
In a guest blog exclusively for MortgageBrokerNews.ca, Daniel Lewczuk of Mortgage Intelligence examines how credit unions -- who heretofore have enjoyed a competitive advantage over banks and monolines -- will be affected by OSFI's B-21 guidelines.
Brokers: Opportunity for lenders to embrace insurers
A competitive advantage is there for the taking for monoline lenders who are willing to work with Canada’s two private mortgage default insurers -- Genworth and Canada Guaranty, according to two brokers.