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“At this time, there are no plans to extend the deferral period,” CMHC is quoted as saying in response to a credit-union question.
“In developing the COVID-19 Default Management Playbook, the insurers did not feel that further extensions were a viable option on a global basis,” CMHC said in its response to the credit unions. “If the borrower cannot be helped with the existing (default management) tools (stable source of some revenue), then there are few options as there are no government programs currently available.”
https://financialpost.com/real-e ... -86e9-821c54757860/ |
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