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11 Apr

The Mortgage Insurance Market & Wholesale Lenders

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Posted by: Livian Smith

DLC BLOG

The Mortgage Insurance Market & Wholesale Lenders
The Mortgage Insurance Market & Wholesale LendersThe Canadian mortgage market used to be very simple. We had the big banks, credit unions, and trust companies.

However, almost 20 years ago, the Canadian government made three major changes to the Canadian mortgage industry. First, the government and CMHC put their weight behind Canadian mortgages by guaranteeing an insurance payout to lenders in the event that a borrower does not pay. Yes, the Canadian taxpayers are on the hook if CMHC goes under.

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