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Sagen MI Canada Inc T.MIC


Primary Symbol: T.MIC.PR.A Alternate Symbol(s):  SGMCF

Sagen MI Canada Inc. is a Canada-based company, operating through its wholly owned subsidiary, Sagen Mortgage Insurance Company Canada, doing business as Sagen, which is a residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership accessible to first-time homebuyers. It has built a broad underwriting and distribution platform that provides customer-focused products and support services to Canada’s residential mortgage lenders and originators. The Company underwrites mortgage insurance for residential properties in all provinces and territories of Canada and has the market share among private sector mortgage insurers. Its products and services include Homebuyer 95 Program, New to Canada Program, Investment Property Program, Family Plan Program, Second Mortgage Program, Progress Advance Program, Energy Efficient Housing Program and Purchase Plus Improvements Program.


TSX:MIC.PR.A - Post by User

Sagen MI Canada Inc
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Comment by griffpon May 10, 2013 7:55pm
136 Views
Post# 21365261

RE: Why the $1 drop in this guy

RE: Why the $1 drop in this guy

One site stated that there was a SADAR filing but they show nothing for Genworth today.  News reports posted today show that housing starts declined in Canada month over month and that economists expect that trend to continue.  I didn't catch any block trades or see any cross over transfers at the end of the day.  I'm guessing that it might be institution and private holders  spooked by the future build numbers.   Failing that explanation, some possibly got timely advice from a psychic or a computer algorithm decided to take some profits. :-) 

For sure, with 878K shares  in one day traded when GIC very rarely trades over 200K shares/day.....leaves one wondering what is going on ...?

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