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Government Spending Has Cost Mortgagors Thousands

Our leaders have been swiping the national credit card like it's Black Friday, and mortgagors are paying the price for their extravagant spending. Someone finally quantified that price last week when a Scotiabank report concluded: "We estimate that government consumption and pandemic transfers to households account for

How CMB/MBS Allocations Work + Mortgage Bytes

When Smith Financial bought out Home Capital, it necessitated that Home lose its precious NHA mortgage-backed securities (MBS) and Canada Mortgage Bond (CMB) allocations—i.e., the ability to fund its mortgages through MBS and CMBs. That was a crushing blow to Home's prime mortgage competitiveness. After all,
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