This was formerly named Genworth. It is one of the duopoly, along with government owned Canada Mortgage and Housing Corporation (CMHC), that provides mortgage insurance for home purchasers who cannot pay a 20% deposit. While Genworth only guarantees 90% of the amount, unlike CMHC’s 100%, it competes on speed and flexibility of service and by providing transparency on mortgage insurance pricing.
Wealth Builder
Sorry, you do not have access to this content.Income Investor
Sorry, you do not have access to this content.Brookfield Business Partners LP (TSX: BBU.UN), the publicly traded private equity and business services subsidiary of Brookfield Asset Management, made an offer to acquire the 43% of Genworth MIC it did not own. The offer is for $43.50 a share, for a total of $1.6 billion. - Gavin Graham
Current Advice
Sell
Consult your broker/advisor
Capital Gain/Loss
68.9%