tag:blogger.com,1999:blog-6399730406480392183.post8494376058850429593..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Who Is Insuring CMHC Mortgage Insurance?A Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6399730406480392183.post-91605728160629880922012-11-07T05:57:10.517-04:002012-11-07T05:57:10.517-04:00You have done a Great job, keep doing more work li...You have done a Great job, keep doing more work like this !Simplify Your Finances with extensive and valuable mortgage rates in Home Purchase Program, Commercial Mortgage plans set by Great <a rel="nofollow">Canada Mortgage</a> Company, committed to research the best mortgage for you.Canada Mortgagehttps://www.blogger.com/profile/05951795157538096367noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-31881430803485328482012-08-17T20:28:48.682-03:002012-08-17T20:28:48.682-03:00Thanks John. Fixed.Thanks John. Fixed.A Political Junkiehttps://www.blogger.com/profile/03342345936277964422noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-56626769874173184572012-08-16T00:30:44.520-03:002012-08-16T00:30:44.520-03:00Isn't CMHC now in OSFI "custody" sin...Isn't CMHC now in OSFI "custody" since the new mortgage rules announcment by M. Flaherty this spring and now in effect? In view of the new regulations and the attempt to cool down the housing market, I doubt CMHC will ask to raise the 600Bln$ ceiling. Even tho the market has cooled significantly in places like Vancouver, the party can still carry on with private lenders like Genwortk. Canada has learned NOTHING (or our rulers deliberately CHOSE this route, who knows) from the US, we'll get what's coming all right. I'm glad I sold this spring :)<br /><br />http://www.huffingtonpost.ca/2012/04/26/canada-mortgage-reform-cmhc-osfi_n_1455792.html<br /><br />John in MtlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-22185646414203081202012-08-15T00:57:42.145-03:002012-08-15T00:57:42.145-03:00"But, by maintaining the current limit, Ottaw..."But, by maintaining the current limit, Ottawa may finally be lending a hand to the private-sector mortgage insurers - namely Genworth and Canada Guaranty - which have long complained that the government has given CMHC an unfair advantage, mostly by guaranteeing a larger proportion of its insurance. (CMHC’s insurance is 100 per cent backed by the government, while private sector mortgage insurance is backed to the tune of 90 per cent)."<br /><br />"The private sector players still have lots of room to do business before they hit the $250-billion limit that Ottawa places on them collectively. And, new legislation that’s expected to pass in the next few months will increase that limit to $300-billion."<br /><br /><a href="http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/genworth-sees-opportunity-in-cmhcs-limit/article543988/" rel="nofollow">http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/genworth-sees-opportunity-in-cmhcs-limit/article543988/</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-65303278736474694462012-08-14T22:57:33.239-03:002012-08-14T22:57:33.239-03:00So how much trouble can Canadians get in? In the U...So how much trouble can Canadians get in? In the US, we overbuilt, we borrowed too much, we had many people who couldn't afford their mortgages even before the employment picture soured. So we ended up with lots of people with higher mortgages than the houses were worth when values tumbled. <br /><br />Does Canada potential have the same toxic mix, or have they avoided a few of these traps? Also, is your economy still growing well? Canada has a nice mix of industries, so there is good potential there. I wouldn't be shorting Canadian mortgages securities yet without knowing those aspects.ModeratePolihttps://www.blogger.com/profile/01721945380057992971noreply@blogger.com