The Canadian Mortgage and Housing Corporation is a federal Crown corporation that administers the National Housing Act. It provides mortgage default insurance for high ratio mortgages. It allows people to qualify for mortgages with less than 25% down payment or equity.
CANADA MORTGAGE AND HOUSING CORPORATION. THE NATIONAL HOUSING ACT (NHA) AUTHORIZED CMHC TO OPERATE A MORTGAGE INSURANCE FUND WHICH PROTECTS NHA APPROVED LENDERS FROM LOSSES RESULTING FROM BORROWER DEFAULT.
The Canada Mortgage and Housing Corporation is a federal Crown corporation that administers the National Housing Act. CMHC's services include providing housing information and assistance to consumers and providing mortgage default insurance for high ratio mortgages.
The Canada Mortgage and Housing Corporation is a federal crown corporation providing housing programs that allows lenders to loan up to 95% of property value.
Canada Mortgage and Housing Corporation. CMHC is one of two institutions offering mortgage insurance; the other is GE Capital.
Canada Mortgage and Housing Corporation. CMHC the government body that supplies the default insurance on a mortgage when the person has less than 25% as the downpayment in a home.
Canada Mortgage and Housing Corporation. This is a Crown Corporation set up under the National Housing Act (NHA) to insure lenders of high ratio mortgages against losses in case of default by the borrower.
Canada Mortgage and Housing Corporation is a Crown Corporation which provides mortgage insurance to lenders to grant high ratio mortgage loans.
See Canadian Housing and Mortgage Corporation.
(acronym) Canada Mortgage and Housing
The Canada Mortgage and Housing Corporation is a Crown corporation. They are responsible for administering the National Housing Act. It fosters the improvement of the housing and living conditions for Canadians.
CMHC is an acronym for the Canadian Mortgage and Housing Corporation. This Federally run institution provides banks and lenders with mortgage insurance (which is not the same as life or property insurance). If a borrower defaults on their mortage loan or there is a foreclosure on the property, CMHC assumes responsibility and reimburses the bank or lender the entire mortgage amount. This insurance is typically required when a borrower has less than 25% equity or down payment and it must be paid in advance (or it can be added to the mortgage). See also "G.E. Capital." Click here to visit website.
To protect the lender in case of default, the Canada Mortgage and Housing Corporation provides mortgage insurance for a fee where the down payment is less than 25%. Although the borrower can pay the premium up front, it's usually added to the loan.
Canada Mortgage and Housing Corporation. A Crown corporation that administers the National Housing Act for the federal government and encourages the improvement of housing and living conditions for all Canadians. CMHC also creates and sells mortgage loan insurance products.
Canada Mortgage and Housing Corporation is a Crown Corporation which provides mortgage insurance to lenders that grant high ration loans.
Canada Mortgage and Housing Corporation, a Crown corporation that administers the National Housing Act for the federal government and encourages the improvement of housing and living conditions for Canadians. CMHC is one of two sources for high-ratio mortgage insurance.
Canada Mortgage and Housing Corporation, a Crown agency administering Canada's National Housing Act.
Canada Mortgage and Housing Corporation: A Crown Corporation that insures High Ratio (over 75% of the appraised value) mortgages against default. Typical CMHC insurance rates are 1% to 3% of the loan amount.
Canada Mortgage and Housing Corporation. A Crown corporation providing information services and mortgage loan insurance.
Canadian Mortgage Housing Corporation. Provide loan and mortgage insurance.
Canada Mortgage & Housing Corporation OH Ontario Hydro