CMHC Reviews Underwriting Criteria

External Author |

Mortgage Professional Kitchener

Last year, in response to the economic uncertainty driven by the COVID-19 pandemic, CMHC unilaterally implemented temporary changes to its underwriting practices for mortgage loan insurance. We felt these changes would protect homebuyers, reduce government and taxpayer risk and support the stability of housing markets while curtailing excessive demand and unsustainable price growth.

Read More

Original Article Source Credits:   Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

Article Written By:  NA

Original Article Posted on:  July 5, 2021

Link to Original Article:  https://www.cmhc-schl.gc.ca/en/media-newsroom/notices/2021/cmhc-reviews-underwriting-criteria

BACK

Top