TAO Solutions Confirms Support for Recently Announced NHA MBS Program Amendments

On May 15th, 2014, CMHC announced the following changes to the NHA MBS program: Standardization of the calculation methodology for indemnity amounts due to investors; Changes to loan eligibility requirements for 965 pools; Enhancements to the 2834 form (Information Circular). As detailed in the respective advices, these changes are mandated for implementation on November 1st, 2014. TAO…