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.

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Sagen MI Canada Inc

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Post by duplex5696on Aug 01, 2018 8:20am

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Post# 28396379

Genworth Financial(mic)-Earnings Exceed

Genworth financial once again reported earnings which exceeded expectations. Concern about this company has centered over increasing mortgage rates and a potentially decling housing market.Despite these barriers to potential growth in mortgage insurance mic continues to increase their earnings/share driven primarally by minimizing delinquencies and tighter management strategies. What is being ignored is the valuation of the company whose book value and stock price are almost the same.(44.4 v. 45.79). The company also provides a sustainable dividend of 4.1%.

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