Thursday, September 17, 2009
MORTGAGE INSURANCE IN CANADA - Impact
Increased supply of funds by making mortgage lending
attractive
Increased mortgage market competition and reduced rates
Allowed government to withdraw from direct lending, interest
rate subsidies and Federal loan-loss guarantee
Zero capital required by lenders instead of 4% for non
insured loans
Standardized mortgage terms and conditions
attractive
Increased mortgage market competition and reduced rates
Allowed government to withdraw from direct lending, interest
rate subsidies and Federal loan-loss guarantee
Zero capital required by lenders instead of 4% for non
insured loans
Standardized mortgage terms and conditions
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