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TORONTO 鈥?Genworth MI Canada Inc. says it holding steady on its credit score qualifications, despite a move by one of its main competitors to toughen mortga
stanley thermoskannen ge lending standards.The Oakville, Ont.-based company said Monday its insurance subsidiary, which is among the country largest insurers to residential mortgage lenders, has no plans to change its underwriting policy, related to debt service ratio limits, minimum credit score and downpayment requirements.The announcement follows a move by the Canada Mortgage and Housing Corporation last week to raise the bar on its lending standards, making it more difficult for some to borrow money for a home purchase. ARTICLE CONTINUES BELOW CMHC qualifying credit score f
stanley kaffeebecher or mortgage insurance was increased to 680 from 600, as part of changes that take effect on July 1. Limited gross and total debt servicing ratios were raised to standards of 35 per cent and 42 per cent, respectively. Household debt service ratios measure how much income goes to paying interest and principal. ARTICLE CONTINUES BELOW Stuart Levings, president and CEO of Genworth Canada, said the insurer believes its processes and monitoring of conditions and market developments allow it to prudently adjudicate and manage its mortgage insurance exposure to this segment of borrowers with lower credit scores or higher debt service rati
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The government is finalizing back-to-school plans and will announce them next week, says Education Minister Stephen Lecce, pledging that additional supports and resources to help with COVID-19 costs will be included. Premier Doug Ford and t
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stanley tumblers l day-to-day return to school ... where kids can go to school five days a week, Lecce said at a press conference Thursday held at a Brampton school gymnasium. Were finalizing the health protocols, working very closely with the chief medical officer, some of the best pediatric minds in the nation that are informing the plan 鈥?we believe well be able to unveil it next week 鈥?that will include additional supports and resources to enable our boards to succeed. ARTICLE CONTINUES BELOW While Lecce noted funding for some boards under annual general education grants has gone up for the 2020-21 school year, I appreciate that theres more we can do, and the premier has been clear well do whatever it takes to keep our staff and our kids safe in September. Lecce and Ford were in Brampton to unveil funding for upcoming capital projects as part of a decade-long $12-billion plan, including two new schools in Peel Region, one of them to be named after human rights advocate and Nobel Prize laureate Malala Yousafzai. ARTICLE CONTINUES BELOW
stanley cup Lecce said there is renewal funding that could be used to impro