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 > Fantastic presentation on Genworth MI Canada ...

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Comment by WDMBellon May 02, 2018 12:43am

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RE:RE:Fantastic presentation on Genworth MI Canada ...

One more thing he refers to B-20 and how it will reduce housing by approximately 20% as borrower needs to prove they can afford a mortgage at a rate +2%. This is called a stress test. Just so everyone know this is for uninsured mortgages. Individuals who insured their mortgages had to started being stress tested as of November 30, 2016. So there is that as well...

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