Genworth Canada Archives - Mortgage Rates & Mortgage Broker News in Canada

Q3 Lender Earnings: The Unexpected Recovery

November 30, 2020 1 Comment

The country’s key mortgage lenders recently released their third-quarter earnings, and it’s safe to say results were better-than-expected all around. Equitable Bank had its best-ever

Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October

November 5, 2020 No Comments

The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%,

Q2 Lender Earnings: Mortgage Deferral Situation Easing

August 25, 2020 No Comments

Despite Canada Mortgage and Housing Corporation CEO Evan Siddall warning of a mortgage “deferral cliff,” and sharp rise in mortgage defaults this fall, data from the country’s key mortgage lenders appears to be telling a different story.

CMHC’s Siddall Calls on Lenders & Default Insurers to Tighten Lending

August 13, 2020 1 Comment

Evan Siddall, CEO of the Canada Mortgage and Housing Corporation, is calling on lenders and mortgage default insurers to tighten underwriting and qualification standards.

Genworth and Canada Guaranty won't adopt new mortgage rules

Genworth and Canada Guaranty Won’t Adopt CMHC’s New Mortgage Rules

June 8, 2020 7 Comments

Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will not

Brookfield Business Partners LP acquires controlling stake in Genworth MI Canada Inc.

August 13, 2019 No Comments

In a surprising but strategically sensible move, Brookfield has acquired a 57% stake in Genworth MI Canada, Canada’s largest private residential mortgage insurer. “Genworth is

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