Genworth news

  • 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.

  • Canadians get serious about home ownership

    Buyers are working harder for longer when saving for a down payment and home ownership is still considered financially beneficial, according to a Canada-wide survey commissioned by Genworth Canada.

  • Broker calls for CMHC pre-approvals

    With all the talk about the CMHC potentially instituting risk-based insurance premiums, it’s another crown corporation policy one broker would like to see changed.

  • Second mortgage insurer follows suit

    That didn't take long. One major mortgage insurer wasted no time announcing its own premium changes, following CMHC’s major statement Friday.

  • CMHC raises premiums

    CMHC is increasing its mortgage insurance premiums for homeowners and 1-4 unit rental properties effective May 1, 2014.

  • Broker frustrated by auditing double standard

    One broker is frustrated by what he perceives to be a double standard when it comes to how brokers are audited compared to their banking counterparts.