CMHC, worried about excessive household debt, wanted tighter mortgage rules for competitors

Article content continued Siddall declined to elaborate on his conversations with government officials about an industry-wide tightening that also would have included CMHC competitors Genworth MI Canada Inc. and Canada Guaranty Mortgage Insurance Co. Discussions between the CEO of CMHC and the minister of finance must be kept confidential, he said. “I’m not saying whether […]