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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

Post by shawshank2on Jun 22, 2020 7:42pm
323 Views
Post# 31178804

Market is slow

Market is slowMarket still worried canadian realestate is going to tank which is unlikely. .... Market hasnt figured out yet that their biggest competitor who dominated for years has basically just handed mic a huge amount of extra business. Mic will have a much larger pool to cherry pick clients that fit their risk criteria. I bet we see some big years ahead in oroginations
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