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.