Second Mortgage Insurer Follows Suit and Raises Premiums

One major mortgage insurer wasted no time announcing its own premium changes, following CMHC’s major statement Friday. "We believe this new pricing is prudent and more reflective of increased regulatory capital requirements," Brian Hurley, chairman and CEO of Genworth Canada said in an official release. "These pricing actions are supportive of the long-term safety and stability of the Canadian housing market." Read the article via MortgageBrokerNews