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Canada Mortgage and Housing Corporation Supports Canadian Credit Markets - MN

OTTAWA, October 10, 2008 — Canada Mortgage and Housing Corporation (CMHC) will purchase up to $25 billion in insured mortgage pools as part of the Government of Canada’s plan, announced today, to maintain the availability of longer-term credit in Canada.

The first purchase of $5 billion will be made October 16, 2008 through a competitive auction process. The mortgages involved are high-quality assets that are already guaranteed through government-backed mortgage insurance. The ...
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Canada Mortgage and Housing Corporation Supports Canadian Credit Markets - MN



CMHC - Canada’s National Housing Agency

As Canada's national housing agency, CMHC have some of the best, most objective information available. Let us help you save time, save money, and answer the questions that come with buying or renovating and maintaining your home.
Canada Mortgage and Housing Corporation (CMHC) is home to Canadians.
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CMHC Mortgage Loan Insurance brings home ownership within reach for little or no money down. Get all the details.

 

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Disclaimer: There is no partnership, joint venture or any other relationship between CMHC and CHG Inc. CMHC is not providing an endorsement of CHG, its products or services.

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