Canada Mortgage and housing Corp.

Canada Mortgage and housing Corp.

Flaherty charges CMHC new risk fee on mortgages

Finance Minister Jim Flaherty is taking another step to curb taxpayers’ exposure to the housing market, by charging Canada Mortgage and Housing Corp. a new risk fee. As of Jan. 1, the Crown corporation will have to pay the government a fee equivalent to 3.25 per cent of the mortgage insurance premiums it writes and [...]

By |2017-01-04T01:02:18+00:00December 5th, 2013|Economy|0 Comments

CMHC Mortgage Insurance

OTTAWA--Canada's government-backed mortgage insurer said it will cap the amount of mortgage-backed securities it is willing to guarantee, in the latest move by officials here to temper Canada's housing sector. In a directive to lenders issued last week, Canada Mortgage and Housing Corp. said that, "effective immediately," it will guarantee only 350 million Canadian dollars [...]

By |2017-01-04T01:02:25+00:00August 6th, 2013|Economy|0 Comments