Canadian Mortgage Backed Securites: The next big thing?
An increasingly important lender in the broker channel has successfully arranged a Canadian Mortgage Backed Securities (CMBS) transaction involving $400 million in commercial financing – marking the largest deal under the program since 2007. But is it also a sign of more and bigger things to come?
Independent lender approved for CMHC mortgages
Another independent lender, CMLS Financial, has been approved to offer residential CMHC-backed mortgages in Canada, according to a press release from the company.
Building a better lender
Ask any Roman architect, building a masterpiece takes time, and as Don Horne reports, building a mortgage lender is no different
New lender launches this month
When CMLS launches its single-family residential lending division at the end of the month, it will have what CEO Chris Brossard calls “a national reach from a regional perspective.”