(or CMHC) The Canada Mortgage and Housing Corporation, or CMHC, is a federal Crown corporation that administers the National Housing Act. CMHC provides mortgage default insurance for high ratio mortgages.
The Corporation of the Federal Government that administers the National Housing Act (NHA) and provides mortgage insurance to lenders.
the federal housing agency in Canada
The agency responsible for carrying out the current responsibilities of the federal government with regard to affordable housing. In 1998, CMHC signed the Federal-Provincial agreement that transferred the administration of social housing, which had been developed under federal programs, into the hands of the provincial government.
CMHC is a federal Crown corporation that administers the National Housing Act (NHA). Among other services, they also insure mortgages for lenders that are greater than 75% of the purchase price or value of the home. The cost of that insurance is paid for by the borrower and is generally added to the mortgage amount. These mortgages are often referred to as "Hi-Ratio" mortgages. http://www.cmhc-schl.gc.ca
The National Housing Act (NHA) authorized Canada Mortgage and Housing Corporation (CMHC) to operate a Mortgage Insurance Fund which protects NHA Approved Lenders from losses resulting from borrower default.
The federal CMHC is the Canadian Crown Corporation which administers the National Housing Act. CMHC services include providing housing information and assistance to consumers and insuring home purchase loans for lenders. For further inquiries, call 1-800-668-2642 Personal property which is tangible and moveable such as electrical appliances, blinds, light fixtures, etc.
The Canada Mortgage and Housing Corporation is the national housing agency of the Government of Canada. CMHC's provide housing information and assistance to consumers as well as mortgage default insurance for high-ratio mortgages.
A federal body set up to insure mortgages of up to 95% of the purchase price for home buyers.
A federal crown corporation which administers the "National Housing Act" (NHA), and through which all federal housing policies and programs are implemented.
The Corporation of the Federal Government that provides mortgage insurance to lenders against borrower default, under the National Housing Act (NHA).
A Crown corporation that administers the National Housing Act for the federal government. One potential source of mortgage insurance for high-ratio mortgages.
Canada Mortgage and Housing Corporation (CMHC) is a Canadian government agency. The agency is responsible for the housing industry in Canada. Its main duty is currently to ensure low cost mortgages are available to Canadians by providing insurance to lenders in case of defaults and homebuyer assistance.