On July 19, 2011, the Ottawa Citizen published an article by MLI author Ian Lee who discusses a number of important reasons to modernize the Canada Mortgage and Housing Corporation (CMHC) in Canada. In the article, he cites MLI’s paper on mortgage insurance as offering some “compelling recommendations” to modernizing CMHC.
An excerpt from the article outlining the reasons to modernize CMHC below:
Taken together, these changes will transform CMHC into a more transparent and efficient organization, operating on a level playing field with private competitors, which will significantly reduce risk to the Canadian taxpayer, bring CMHC as a regulatory outlier under the Canadian financial regulatory umbrella, and offer more choice and lower prices to consumers.
To read the full article, “Tame the CMHC Godzilla” by Ian Lee in the July 19th edition of the Ottawa Citizen, click here.