Genworth MI Canada managed to pull strong earnings – despite weakening housing

Genworth reported 13% higher income in 2012, compared to 2011. The majority of the reported income did not come from insuring mortgages of debt laden Canadian homeowners but it came from investments.   According to its report – Its investment portfolio had a market value of $5.4

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Protection of Residential Mortgage Insurance Act – Changes

Today Genworth reported that the new Canadian Protection of Residential Mortgage or Hypothecary Insurance Act (“PRMHIA”), which will come into force from January First, 2013 – will establish a legislative framework and will replace the current guarantee agreement with Government of Canada Genworth has. The new regulation

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