What that means is that if I'm a bank and I am owed a mortgage, I can pay a fee and get CMHC to stamp it and securitize it. I can sell it off and then use the proceeds to lend out another mortgage, can't I?
January 21st, 2022 / 1:45 p.m.
Conservative
Pierre Poilievre Conservative Carleton, ON
What that means is that if I'm a bank and I am owed a mortgage, I can pay a fee and get CMHC to stamp it and securitize it. I can sell it off and then use the proceeds to lend out another mortgage, can't I?
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