Three key questions about Canada’s new mortgage insurance rules – Ask a Vancouver Mortgage Broker

Canada‘s housing watchdog released a set of long-awaited guidelinesfor the country’s three mortgage insurers on Monday. The new guidelines spell out the practices that the Office of the Superintendent of Financial Institutions wants to see from the country’s three mortgage insurers, Canada Mortgage and Housing Corp., Genworth MI Canada and Canada Guaranty. Here are answers to […]

OSFI moves to tighten mortgage insurance guidelines – Consult with a Vancouver Mortgage Broker

Canada’s financial regulator has unveiled a set of proposed guidelines for mortgage insurance providers aimed at tightening standards around underwriting governance and risk management. You want some of these record low rates on the market but you’re locked into a mortgage. Just break it, right? Not so fast The draft guidelines come two years after […]

Euro recession will depend on banks: Carney

http://www.bnn.ca/News/2011/11/08/Euro-recession-will-depend-on-banks-Carney.aspx The euro zone is headed for at least a brief recession, but the nature and length of the slump and the degree to which it affects other parts of the world depends on how the region’s lenders choose to repair their balance sheets, Bank of Canada Governor Mark Carney warns. Moves by the European […]