Lender Updates

Latest Updates

Enhancements to Sagen’s “Underwriting Policies and Standards (UPS)” | Dec 6, 2022

Supporting Homeowners Impacted by Rising Interest Rates | Nov 17, 2022

Homeowners Impacted by Hurricane Fiona in Atlantic Canada and Eastern Quebec | Sept 27, 2022

Update on Default Management Tools to Support Borrowers | Sept 1, 2022

Clarification on Minimum Qualifying Rate for Variable Rate Mortgages | Jul 19, 2022

Enhancements to Sagen’s “Energy Efficient Housing Program” | June 28, 2022

Homeowners Impacted by Flooding in British Columbia | Nov 24, 2021

Genworth Email Redirection is Expiring | Sept 2, 2021

Homeowners Impacted by Wildfires in British Columbia | Jul 6, 2021

New Minimum Qualifying Rate | May 27, 2021

Treatment of variable income sources for qualifying income | Mar 4, 2021

Reporting of loans in arrears: Effective date for the new standardized arrears reporting template | Feb 17, 2021

Genworth Canada is now Sagen | Oct 23, 2020

A Message From Canada’s Mortgage Insurers | Aug 12, 2020

Homeowner Mortgage Relief Options (1 to 4 units) | July 30, 2020

Genworth Canada and Canada Guaranty Communication re: Legal Action and Collection | June 29, 2020

Genworth Canada Confirms No Canadian Data Breach | June 12, 2020

Clarification on Underwriting Guidelines | June 8, 2020

A message from Canada’s mortgage insurers to our mortgage lending partners | May 29, 2020

Support Available for Homeowners Impacted by Alberta Flooding | April 30, 2020

Support Available for Homeowners Impacted by COVID-19 | March 18, 2020

New Benchmark Rate for Insured Mortgages | March 12, 2020

Support Available for Homeowners Impacted by COVID-19 (Coronavirus) | March 16, 2020

Treatment of Outbuildings in Lending Value | March 2, 2020

Past Updates

2019

New Western Canada Underwriting Centre | December 10, 2019

Support Available for Homeowners Impacted by Labour Strikes in Saskatchewan | October 22, 2019

Support Available for Homeowners Impacted by Hurricane Dorian | September 11, 2019

Summary of Genworth Policy Changes 2019 | August 12, 2019

Genworth Policies and Standards Guidelines 2019 | August 12, 2019

Treatment of Unsecured Credit for Qualification Purposes | July 12, 2019

Genworth Policies and Standards RVP | May 9, 2019

Manitoba Provincial Sales Tax Reduction on Insurance Premiums | May 8, 2019

Support Available for Homeowners Impacted by Flooding | April 25, 2019

Commitment Period – New Construction Properties | March 19, 2019

3-4 Unit Properties | March 8, 2019

Equity Buyout Policy | February 5, 2019

2018

Clarification on legalization of cannabis related to mortgage insurance | October 16, 2018

PEI Down Payment Assistance Program | October 10, 2018

Support Available for Homeowners Impacted by Tornados | September 25, 2018

Support Available for Homeowners Impacted by B.C. Wildfires | August 17, 2018

Genworth Canada Data Sharing with Statistics Canada | August 14, 2018

Support Available for Homeowners Impacted by Flooding | May 4, 2018

Low-Ratio Mortgage Insurance – Clarification on Borrower-Initiated Switches |

April 30, 2018

Newfoundland and Labrador First-time Homebuyers Program | April 18, 2018

2017

Treatment of Rental Income for Qualification Purposes | December 1, 2017

Clarification on Application of Bank of Canada Qualifying Rate | August 14, 2017

Homeowners Impacted by Wildfires in British Columbia | July 10, 2017

Saskatchewan Provincial Tax on Insurance Premiums | June 22, 2017

Lender Support Available for Homeowners Impacted by Flooding | May 10, 2017

Nova Scotia Down Payment Assistance Program | May 1, 2017

Mortgage Insurance Premium Rate Changes | January 25, 2017

2016

BC Home Partnership Program | December 22, 2016

Low-Ratio Mortgage Insurance Changes | November 30, 2016

Homeowners Impacted by Wildfires in Fort McMurray, Alberta | May 5, 2016

Mortgage Insurance Premium Rate Changes | January 25, 2017