The U.S. Federal Reserve has announced its intention to sell off its huge store of mortgage-backed securities – a sign the nation is rebounding from the 2008 financial crisis. How will this impact Canada’s own economic recovery? Read on for Rubina’s breakdown.
The CMHC recently announced higher fees for MBS- the mortgage-backed securities lenders pool together to minimize risk. How will you be affected?
Making headlines this week was Canada Mortgage Housing Corporation’s (CMHC) announcement that they are approaching the $600-billion cap set by the federal government (I would guess so considering they were backing nearly $541-billion in mortgages by the end of 2011). The main driver is an unexpected level of requests for portfolio insurance by lenders.