Former CMHC competitor petitions for mortage insurance fees to drop

Brian Bell, a former senior executive at one of Canada Mortgage and Housing Corp.’s competitors,  says it’s time for mortgage default insurance premiums to drop as much as 15% because the Crown corporation doesn’t have the same percentage of risky clients due to tighter loan regulations. A move he says will provide much needed relief to the first-time home buyer.

Click here to read more from the Financial Post. . .