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.
Broker to government: Back away from CMHC
One broker takes umbrage with what he feels is the Canadian government limiting the Canada Mortgage and Housing Corporation’s (CMHC) influence in the market following the crown corporation’s most recent restructuring.
What does the future hold for CMHC?
The Canada Mortgage and Housing Corporation (CMHC) announced further changes to its insurance offerings Friday, providing even more fodder for brokers to speculate about the future of the crown corporation.
Daily Market Update: 'No bubble,' says Oliver | Slower market than expected | Amortization questions
No housing or mortgage crisis in Canada, according to the finance minister….. but academic calls the market “lacklustre” and says that’s significant…..and is shorter always better for mortgage amortizations?
Business for self deals are all about relationships
Industry players are frustrated by the lack of options for self-employed clients but the best way to navigate this area, according to one broker, is to assemble a solid stable of a few lenders willing to go the extra mile.
Private insurers won't follow CMHC's lead
Phew! Genworth Canada and Canada Guaranty have decided not to follow in CMHC’s footsteps and change their programs for self-employed buyers. But is this only a temporary move?
CMHC cuts to lead to privatization?
According to a Financial Post source, the CMHC's decision to cut two of its programs moves it one step closer to potentially privatize the crown corporation.
Profits up, claims down for mortgage insurer
First quarter profits are up while claims and defaults are down for one of Canada’s leading mortgage default insurers.
CMHC increase is unfair, say investors
The new CMHC premium hike for default insurance – coming into effect this Thursday, May 1 – is unfair to those who want to make a profitable business, argues one investor.