mortgage default insurance Archives - Mortgage Rates & Mortgage Broker News in Canada

New mortgage rules take effect today; more may be coming on Monday, economist says

December 14, 2024 No Comments

Two sweeping mortgage reforms take effect today, December 15, targeting housing affordability and easing financial pressures—changes that may be followed by more announcements this week.

New mortgage rules spark debate in Canada’s housing sector

October 6, 2024 2 Comments

Canada’s mortgage industry is responding to the federal government’s recent adjustments to mortgage rules, aimed at improving affordability for certain buyers.

Latest in mortgage news: Lenders cut select fixed rates by up to 30 bps

November 7, 2023 No Comments

Mortgage providers across the country have been dropping fixed mortgage rates throughout the week in response to a sharp decline in bond yields.

Mortgage insurers clarify qualification rules for VRM applications amid rising rates

July 19, 2022 No Comments

The Bank of Canada’s historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines.

CMHC’s underwriting rule reversal helped drive insurance volumes in Q1

May 31, 2022 No Comments

Canada’s national housing agency its mortgage insurance volumes up on an annual basis, thank in part to its reversal on stricter underwriting guidelines introduced in 2020.

insured vs uninsured mortgages in Canada

The Sea Change in Canadian Mortgage Insurance

November 30, 2021 1 Comment

Few realize how dramatically Canada’s mortgage insurance market has changed.

sagen overtakes cmhc in mortgage default insurance

Sagen Overtakes CMHC as Canada’s Largest Mortgage Default Insurer

May 7, 2021 No Comments

The Canada Mortgage and Housing Corporation (CMHC) has reportedly lost its title as Canada’s largest provider of mortgage default insurance. The national housing agency’s total

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.

mortgage default insurance