On the topic of CMHC...
"CMHC considers deductible for mortgage claims"
Quote:
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Mortgage lenders may have to pay a deductible to the CMHC for any claims made on loans the agency insures. That’s an option that is still on the table, president and CEO Evan Siddall said Tuesday.
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http://www.mortgagebrokernews.ca/mar...ms-204546.aspx
Somewhat surprising to me, as mortgage insurers such as CMHC underwrite every deal in a similar fashion to what the lenders do. The volatility in AB has already made deals harder to fund, and a move like that would further that trend. I'd be interested to see what kind of premium they're considering.