Genworth And Canada Guaranty Continue To Offer Default Insurance For The Self-Employed

May 5th, 2014

Great news for self-employed borrowers. The CMHC recently announced that they will be cutting their stated income program as of May 30th (program for self-employed clients that do NOT declare all their income on their taxes). However the other insurers, Genworth and Canada Guaranty, announced on Friday that they will continue to offer stated income products for such individuals.