Mortgage Agent Licensing Practice Exam · Question
Which of the following is NOT a primary provider of mortgage default insurance in Canada?
CMHC, Canada Guaranty, and Sagen are the three main providers of mortgage default insurance in Canada. FSRA is a regulatory body for financial services in Ontar
Start free practice for Mortgage Agent Licensing Practice Exam
307 questions · no signup required · 40 free questions per day
Question: Which of the following is NOT a primary provider of mortgage default insurance in Canada?
Answer options:
- CMHC (Canada Mortgage and Housing Corporation)
- Canada Guaranty
- Sagen™ (formerly Genworth Canada) ✅ FSRA (Financial Services Regulatory Authority of Ontario)
Correct answer: FSRA (Financial Services Regulatory Authority of Ontario)
Explanation: CMHC, Canada Guaranty, and Sagen are the three main providers of mortgage default insurance in Canada. FSRA is a regulatory body for financial services in Ontario, not a mortgage insurer.
Start free practice for Mortgage Agent Licensing Practice Exam
307 questions · no signup required · 40 free questions per day
More about Mortgage Agent Licensing Practice Exam
Related Questions
- When must a mortgage agent provide the borrower with certain disclosures regarding the proposed mortgage, part
- Michael and Jennifer are applying for a mortgage to purchase a home in Calgary for $700,000. Their combined gr
- Which of the following scenarios would typically lead to a higher mortgage interest rate for a borrower?
- Which type of lender typically offers the most flexible underwriting criteria but often at higher interest rat
- Which of the following bodies is primarily responsible for regulating mortgage brokers and agents in Ontario?
- Under what circumstances is a mortgage agent permitted to accept a fee directly from a client?
More for Mortgage Agent Licensing Practice Exam candidates
FAQs
Question explanations
- When must a mortgage agent provide the borrower with certain disclosures regarding the proposed mortgage, part
- Michael and Jennifer are applying for a mortgage to purchase a home in Calgary for $700,000. Their combined gr
- Which of the following scenarios would typically lead to a higher mortgage interest rate for a borrower?
- Which type of lender typically offers the most flexible underwriting criteria but often at higher interest rat
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Mortgage Agent Licensing Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.