latest

Canada mortgage bonds (CMBs) could go extinct

This week, capital markets executives were alarmed by an esoteric blurb buried deep in Tuesday’s federal budget.

In that passage, the government hinted at terminating the $260 billion Canada Mortgage Bond (CMB) program.

For lenders—especially non-deposit-taking bank competitors—that could be a problem. They rely on CMBs to fund their mortgages.

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now

Comments

Sign in or become a MortgageLogic.news member to read and leave comments.
Just enter your email below to get a log in link.

You've successfully subscribed to MortgageLogic.news
Great! Next, complete checkout for full access to MortgageLogic.news
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.