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Oakville-based provider of private default mortgage insurance in Canada, helping buyers secure mortgages with low down payments.
Sagen MI Canada Inc. was founded in 1995 and is headquartered in Oakville, Canada. It is described as the country's largest private default mortgage insurance provider, offering insurance that lets borrowers, including first-time buyers and recent immigrants, get mortgages with as little as a 5% down payment. Brookfield Asset Management acquired a minority stake in October 2020 for CAD 1.63 billion, and Stuart Levings is CEO. The company is at the Late stage.
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