Sentences with phrase «mortgage insurance business»

All told, over a third of CMHC's total mortgage insurance business, according to its corporate plan, «directly supports the corporation's public policy objectives.»

Given the confusion, and the vast profits being made, it seems clear that CMHC's mortgage insurance business deserves much more scrutiny that it is currently getting.

MICC completed the sale of the assets and contracts related to its residential mortgage insurance business in 1995 to a unit of GE Capital Mortgage Corp. for $ 15.3 million and sold the remaining assets to BNS for $ 11 million.

And more than likely this fee goes to Canada Mortgage and Housing Corp., the Crown corporation that controls the mortgage insurance business.

The mortgage insurance business, however, should get a lot more profitable.

Rather, the current inequity in mortgage premiums should be seen as evidence of how Ottawa has retarded competition in the mortgage insurance business by allowing itself to be the biggest player.

And in 1997 CMHC lost money on its mortgage insurance business when claims outweighed premiums by $ 50 million due to a weak housing and employment market.

The Crown corporation had the mortgage insurance business to itself until the 1970s, when several private - sector firms tried and failed, over the next 20 years, to establish themselves.

Naturally enough, such profits have signalled there is money to be made in the mortgage insurance business.

Like the employment insurance fund, another mandatory insurance program with a public policy goal, CMHC's mortgage insurance business could soon become a healthy source of real money for the federal government.

The Crown corporation with the lion's share of the mortgage insurance business is making a killing for Ottawa.

Canada Mortgage and Housing Corp., a federal Crown corporation, commands more than two - thirds of the mortgage insurance business in this country.

If you're in the mortgage insurance business — which is actually what the FHA does — you want to make very certain that you are not hit with excess claims.

Canada Mortgage and Housing Corporation announced that it is bringing in two changes in its mortgage insurance business.

Finally, there are significant barriers to entry for new competitors in the mortgage insurance business.

Mr. Flaherty, who mused to the Financial Post editorial board last week about getting CMHC out of the mortgage insurance business, has placed the agency under the authority of the country's banking regulator, the Office of the Superintendent of Financial Institutions.

Genworth MI Canada is in the mortgage insurance business.

Genworth is the cheapest of the two on a price - to - book - value basis (at 1.1 times), which reflects the market's unease with its mortgage insurance business.

PMI Mortgage Insurance Company Canada (PMI Canada) says it would like to see the government examine how competition could be increased in the Canadian mortgage insurance market and consider how Canada Mortgage and Housing Corp.'s mortgage insurance business could be restructured «to best ensure an active and competitive mortgage insurance market».

In January, PMI Canada submitted its recommendations to the panel that called for separating CMHC's various businesses, including mortgage insurance, into separate entities, privatizing CMHC's mortgage insurance business, and recommending a public mandate review of CMHC.

This had some in Congress questioning the government's role in the mortgage insurance business, with a vocal minority calling for the end of FHA.