The Government of Canada, through its member agency CMHC, is a major participant in residential mortgage financing in Canada. As a means of expanding available residential mortgage financing to Canadians, the Government of Canada established the CMHC-MBS Program, whereby financial institutions finance their CMHC-insured residential mortgages through issuing MBS to public investors in addition to taking deposits from the public (such as GICs) to finance these activities. In order to qualify for the CMHC-MBS Program, mortgages must be CMHC-insured on either single family dwellings, multi-unit residential properties, or senior housing properties.

The CMHC-MBS Program offers investors the guarantee of timely payment of principal and interest.

Equitable Trust Participation in CMHC-MBS Program.

Since 1994, Equitable Trust has funded and securitized mortgages under the CMHC-MBS Program in cooperation with our brokerage partnerships across Canada. In 1994, Equitable Trust entered into an exclusive agreement with our brokerage partnerships across Canada whereby Equitable Trust would fund CMHC mortgages originated by these brokers and securitize these mortgages through the CMHC-MBS Program.

As the issuer of the MBS, Equitable Trust retains the responsibility for administering CMHC-insured mortgages after their sale to investors through the CMHC-MBS Program until the maturity of the mortgage.

Please contact us for more information.