Capital requirements to grow, profits under pressure for mortgage insurers
Change to address negative amortization mortgages a positive, Fitch says
Research finds financial fallout of Fort McMurray wildfire comparable to global financial crisis
The agency is increasing the gross and total debt service ratios for borrowers
Proposed new minimum qualifying rate for uninsured mortgages will help shore up underwriting standards
Mortgage credit quality is highly correlated to jobs and house prices
Economists predict the new test for insured mortgages will lead to a modest increase in purchasing power
Advisors can help allay client concerns
Nearly two-thirds of residential mortgages that were over 90 days in arrears in Q1 2019 were uninsured
Conservative leader says he’ll “fix” the stress test, lengthen amortization periods