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Mortgage Broker News | 05 Dec 2013, 12:00 AM Agree 0
CMHC has now moved to reassure broker networks that new and controversial "risk fees" pose no threat to mortgage funding -- that despite growing fears.
  • Concerned Alberta tax payer | 05 Dec 2013, 05:16 PM Agree 0
    This is a great idea if the funds are reserved in a seperate account to provide for any risk created by CMHC Insured Products (The subject of the Canadian Government Guarantee) and not simply swallowed up into general revenue and then spent on other frivilous political incentives or waste.

    After which, if it is not seperately recorded should there be a loss on a CMHC insured product then the Government would record that loss against a CMHC guarantee and never show any offset from the fees received.

    Another smoke and mirrors transaction.
  • dml | 06 Dec 2013, 07:01 AM Agree 0
    Re; Concerned Alberta Tax Payer- You are so right!
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