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Mortgage Broker News | 18 Jun 2014, 10:16 AM Agree 0
The Canada Mortgage and Housing Corporation (CMHC) will shift its priority back to its originally intended purpose: helping Canadians buy homes they can afford.
  • Zoltan M Padar MortgagePRO Ltd. | 19 Jun 2014, 12:18 PM Agree 0
    Just tell me, when was the last time you got an approval from CMHC and or any banks they did not grilled the client on the TDS GDS portion and did not required all kind of proof of income. This cut-offs are about something else. Running for cover? They know something we don't? Banks were not able to lend without the CMHC blessing and approval with less than 20% down, more with some. Something is fishy here... maybe not?
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