Download or read book Competition in the Canadian Mortgage Insurance Industry written by G. Frank Mathewson and published by . This book was released on 1985 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the report is to present alternatives open to the government to encourage competition in the mortgage insurance industry. The principal focus of the report concerns CMHC's exit from the market conditional on the forecast of reduced demand for mortgage insurance. The author asserts that the presence of a publicly-subsidized product exerts anti-competitive effects on the market. In addition, the market is viewed as being non-contestable, primarily due to the long-term nature of the liability, and regulatory restrictions which impede mobility into and out of the industry. Since contestability is negatively linked to the degree of "sunkeness" in fixed costs, the report concludes that the only way to render the market contestable would be for the government to underwrite those costs, and hold sufficient capacity to rent necessary capital to potential entrants at prevailing market prices.
Download or read book Competition in the Canadian Mortgage Insurance Industry written by G. Frank Mathewson and published by . This book was released on 1985 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the report is to present alternatives open to the government to encourage competition in the mortgage insurance industry. The principal focus of the report concerns CMHC's exit from the market conditional on the forecast of reduced demand for mortgage insurance. The author asserts that the presence of a publicly-subsidized product exerts anti-competitive effects on the market. In addition, the market is viewed as being non-contestable, primarily due to the long-term nature of the liability, and regulatory restrictions which impede mobility into and out of the industry. Since contestability is negatively linked to the degree of "sunkeness" in fixed costs, the report concludes that the only way to render the market contestable would be for the government to underwrite those costs, and hold sufficient capacity to rent necessary capital to potential entrants at prevailing market prices.
Download or read book Policy Options Towards Alternative Market Structures in the Mortgage Insurance Industry written by Canada Mortgage and Housing Corporation and published by . This book was released on 1985 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this report is to assess the policy options with regard to public sector intervention in the mortgage insurance industry in Canada. Specifically the report addresses the possible role for public policy with respect to market structure in the mortgage insurance industry. Basic questions concerning whether this industry can be made "competitive" as well as the possibility that the industry is a "natural monopoly" are taken up.
Download or read book Competitive Equity in the Financial Services Industry written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1984 with total page 1826 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage Insurance in Canada written by Jane Londerville and published by . This book was released on 2010 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada's mortgage insurance system gives the housing market a solid foundation. It has one important failing: it denies consumers benefits from full competition by giving the public Canada Mortgage and Housing Corporation an unfair advantage over private firms.
Download or read book Sustainable Development of the Housing Finance System written by Pierre A. David and published by UN-HABITAT. This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Choice Capital and Competition written by Kevin A. Park and published by . This book was released on 2019 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial health of the mortgage insurance industry is vital for the flow of mortgage credit to low wealth borrowers. Private mortgage insurance competes with insurance offered through the federal government, particularly the Federal Housing Administration. This paper employs a Heckman selection model and a database of mortgage insurance applications to examine the impact of capital reserves and federal competition on the credit decisions of private mortgage insurance companies while accounting for applicants' decisions to seek private insurance. We find private insurers became more likely to deny applications as their capital ratios fell during the Great Recession. However, loans eligible for insurance through the Federal Housing Administration were less likely to be denied than higher loan amounts. These findings are important for understanding how the conventional mortgage market, including government-sponsored enterprises, functions through a severe housing crisis.
Download or read book Reinsurance of Mortgage Loan Insurance in Canada written by Phelim P. Boyle and published by . This book was released on 1985 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the report was to outline the rationale for various aspects of public reinsurance in the mortgage insurance industry. The report covers: 1. An evaluation of the role of public mortgage insurance; 2. A review of some aspects of the theory of agency as it concerns risk sharing and incentives in a contractual setting; 3. A description of reinsurance and its characteristics; 4. Commercial reinsurance of the mortgage default risk in Canada; 5. The role of public mortgage insurance in Canada.
Download or read book OECD Economic Surveys Canada 2014 written by OECD and published by OECD Publishing. This book was released on 2014-06-11 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD's 2014 Economic Survey of Canada examines recent economic developments, policies and prospects. Special chapters cover housing in Canada and the labour market and skills mismatch.
Download or read book An Analysis of the Role of Central Mortgage and Housing Corporation and the Mortgage Insurance Fund in the Residential Mortgage Market in Canada and the Development of Criteria for Approval of CMHC Approved Lenders written by Canadian Economic Services Ltd and published by . This book was released on 1975 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This analysis provides an indication of importance of mortgage market to Canadian capital market as a whole & examines mortgage market itself, as well as Canadian mortgage insurance industry; outlines operations of Approved Lenders. Appendices provide information of approval procedure & listings of active & inactive lenders.
Download or read book Competition Economic Efficiency and Profitability in the Canadian Property and Casualty Insurance Industry Summary of a Study written by Quirin, George David and published by . This book was released on 1982 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Industry Guide to CMHC Mortgage Loan Insurance written by Canada Mortgage and Housing Corporation and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mortgage insurance in Canada written by and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada's mortgage insurance system gives the housing market a solid foundation. It has one important failing: it denies consumers benefits from full competition by giving the public Canada Mortgage and Housing Corporation an unfair advantage over private firms.
Download or read book Competition Economic Efficiency and Profitability in the Canadian Property and Casualty Insurance Industry written by and published by . This book was released on 1974 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book When the Bubble Bursts written by Hilliard MacBeth and published by Dundurn. This book was released on 2018-06-23 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hilliard MacBeth argues that investors should stop thinking about real estate as a safe investment, warning that it is only a matter of time before Canada faces a housing crisis of major proportions. He guides investors towards safer and more lucrative investments in order to protect their assets and ensure a comfortable retirement.
Download or read book How Ottawa Spends 2010 2011 written by G. Bruce Doern and published by McGill-Queen's Press - MQUP. This book was released on 2010-05-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Informed authors from across Canada examine recession-related policy fields, including the Canadian banking system, new industrial policy pressures such as the automotive industry bailout, policies in science, technology, and innovation, and suggestions about how to resist the United States' "buy America" trade policies. The chapters in this volume also consider Canada's national, regional, and political divisiveness, the impact of the dynamic Obama Administration on Canadian domestic affairs, and governance during a time of minority government.
Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-06-24 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
