OSFI draft guideline on residential mortgage insurance
The OSFI has released draft guidelines (B-21) on residential mortgage insurance companies. There is a comment period up to May 23, 2014. Considering that CMHC and Genworth form substantially the entire market, I do not anticipate much comment. Despite what the media is reporting (that it would involve a marginal tightening of the mortgage insurance … Continue reading OSFI draft guideline on residential mortgage insurance
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