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  • CMHC may alter mortgage insurance terms today

    The federal agency that backstops Canada's housing market will make an announcement Friday that could affect the mortgage market and home buyers.

    The Canada Mortgage and Housing Corporation is tight-lipped about what, exactly, it is planning to unveil Friday. But CMHC did confirm to CBC News that an announcement is in the pipeline. A spokeswoman for the agency declined to offer any specifics, however.

    More: http://www.cbc.ca/news/business/cmhc...iday-1.2553758
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