Genworth : Everything you need to know

Genworth : In the news

• FirstOntario supports brokers with refi offers

  FirstOntario Credit Union is hoping to give brokers an upper hand by providing market-leading mortgage rates to their clients

• CMHC's new minimum Beacon requirement: Who's going to suffer?

  Needing a 680 could drive “five to ten percent” of Canadian borrowers from the market, says a TransUnion rep

• Genworth (and Canada Guaranty) vs CMHC: Good for the mortgage industry

  CMHC's one-size-fits-all solutions have opened the door for their competitors

• In opposition of new CMHC guidelines, Genworth not increasing eligibility restrictions

  Insurer says its current policies are sufficiently robust

• Genworth MI Canada is prepared to weather the COVID-19 pandemic

  The insurer says that it is well-equipped to remain operational despite mobility restrictions

• Who are the winners with the new qualifying interest rate?

  The implications of the long-awaited change are somewhat unclear, and some industry insiders say it doesn’t go far enough to fix the problem

• Brookfield Business Partners finalizes acquisition of Genworth Canada

  Total value of the transaction, which will close by the second half of 2019, is at $1.8 billion

• Genworth agrees deal to sell Canadian mortgage unit

  Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners LP for C$2.4 billion ($1.8 billion) as it works to win regulatory approval for its acquisition by China Oceanwide Holdings Group Co.

• Insured mortgages boost Genworth MI Canada’s Q2 performance

  As of the end of June, outstanding principal balance of insured mortgages was roughly $205 billion

• Fears about costs of living continue to dim Canadians’ perspectives

  The housing affordability crisis is fuelling this anxiety