Oct 6 (Reuters) - Street Capital Group Inc SCB.TO :
* Street Capital provides business update in response to new department of finance mortgage insurance rules
* Reviewing impact of rule changes with respect to its current and future business plans
* View is that these changes will be most impactful for those lending institutions that solely rely on availability of mortgage insurance
* Expects that in near-term there may be a negative impact on new prime mortgage originations generally in market
* Street capital is in final stages of its application to minister of finance to obtain a schedule i bank licence
* Does not expect most recent changes to mortgage insurance rules to negatively impact progress toward becoming schedule i bank Source text for Eikon: ID:nCNWQrlgwa Further company coverage: SCB.TO