Sagen MI Canada Inc T.MIC

Primary Symbol: T.MIC.PR.A

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. The Company’s 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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Post by gvixidon Dec 01, 2011 8:51pm

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Post# 19285231

i'm in

I've been eatching Genworth for awhile now. With the pullback over the last couple of days, I found the price to be at attractive levels, so I took a full position.

Conservative management, growing dividend, near monopoly status in Canada...a great defensive stock.

Glad to be here,

gvixid

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