Canadian Mortgage and Housing Corporation - CMHC
- Canadian Mortgage and Housing Corporation - CMHC
- A division of the Government of Canada that acts as Canada's national housing agency. The CMHC's mandate is to help Canadians access a variety of affordable housing options. It also researches housing and real estate trends in Canada and around the world, providing research to consumers, businesses and other government divisions. The major activity of the CMHC, and the one for which it is best known, is mortgage loan insurance, which insures approved lenders (such as Canada's chartered banks) against borrower default. Mortgage loan insurance provides approved borrowers access to low-cost mortgage rates. CMHC approved buyers may purchase property with as little as 5% down payment.
One in three Canadians receives some form of help from the CMHC in financing or purchasing a home. The agency also provides valuable financing help to consumers, housing professionals, mortgage financiers, real estate investors and parties interested in learning about the Canadian housing market.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Canada Mortgage and Housing Corporation - CMHC — An organization sponsored by the Canadian government that provides mortgage loans to home buyers. Started as a crown corporation, the Canada Mortgage and Housing Corporation offered housing to soldiers returning from WWII. Over time the CMHC… … Investment dictionary
Canada Mortgage and Housing Corporation — (CMHC) is a Crown corporation owned by the Government of Canada.CMHC is responsible for the housing industry in Canada. Its main duty is currently to ensure low cost mortgage loans are available to Canadians by providing insurance to lenders in… … Wikipedia
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
Mortgage broker — A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more… … Wikipedia
CMHC — abbr. Canadian Mortgage and Housing Corporation … Dictionary of abbreviations
CMHC — is an abbreviation for different entities: Canada Mortgage and Housing Corporation, a Canadian government agency providing homebuyer assistance and insurance to lenders in case of defaults. Central Minnesota Heart Center Clark Material Handling… … Wikipedia
Intergovernmental Committee on Urban and Regional Research — The Canadian Intergovernmental Committee on Urban and Regional Research (ICURR), located in Toronto, Ontario was established in 1968 following a Federal Provincial Conference on Housing and Urban Development for the purpose of exchanging… … Wikipedia
Mold growth, assessment, and remediation — Mold assessment and mold remediation are techniques used in occupational health: mold assessment is the process of identifying the location and extent of the mold hazard in a structure, and mold remediation is the process of removal and/or… … Wikipedia
Neill-Wycik — Co operative College, located in downtown Toronto, Ontario, Canada, is a student residence with over 700 rooms, accommodating students of many of the colleges and universities in the city.[1] In the summer months, when only about 350 students are … Wikipedia
Duct (HVAC) — A round galvanized steel duct connecting to a typical diffuser Fire resistance rated … Wikipedia
