Changes to Mortgage Rules
General Angela Calla 16 Feb
MORTGAGE INSURANCE RULES ANNOUNCEMENT This morning, Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. CAAMP and it’s members was actively engaged in the discussions around these changes which are as follows: 1. All borrowers must meet the standards for a five-year fixed rate […]
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