Reaction to CMHC’s Clampdown on Mortgage Fraud Aug 13th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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Reaction to CMHC’s Clampdown on Mortgage Fraud

– canadianmortgagetrends.com

Last month the Canadian Mortgage and Housing Corporation (CMHC) formally asked the Canada Revenue Agency to take a more active role in verifying income claimed on mortgage applications in an effort to clamp down on mortgage fraud. The CMHC says the move is necessary given that “the industry’s current detection tools have not kept pace […]

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