Mortgage Newsletter

Mortgage Newsletter

Mortgage Newsletter

CMHC cutbacks announced The budget announcement quietly slipped in changes to government-backed mortgage insurance, including reductions to the amount of new guarantees CMHC will provide. “The Government continues to adjust the housing finance framework to restrain the growth of taxpayer-backed mortgage insurance and securitization,” the budget report states. “These measures will support the stability of [...]

By |2017-01-04T01:02:17+00:00February 19th, 2014|Economy|0 Comments