The Canada Mortgage and Housing Corporation has announced it is changing the guarantee fees being charged to issuers and adjusting the annual limits for new guarantees. Both National Housing Act Mortgage-Backed Securities and Canada Mortgage Bonds are affecte
“Guarantee fees and annual issuance limits allow CMHC to facilitate the supply of reliable mortgage funding in Canada while managing the Government’s exposure to the housing sector,” said the senior vice president of capital markets for the Canada Mortgage and Housing Corporation, Wojo Zielonka. “The revised fee structure is intended to encourage the development of private market funding alternatives by narrowing the funding cost difference between government sponsored and private market funding sources.”
For more, visit the Canada Mortgage and Housing Corporation’s website for the full statement here.