Street Capital gets mortgage-securitization green light

Counsel Corporation’s residential mortgage lending business, Street Capital Financial Corporation, has received approvals from the Canada Mortgage and Housing Corporation (CMHC) to be an approved issuer of mortgage-backed securities.

Read: CMHC releases 2012 annual report

It’s an approved seller under the Canada Mortgage Bond (CMB) program.

Street Capital sources single-family residential mortgages through a network of independent mortgage brokers across Canada. The company offers high-ratio and conventional mortgages, predominantly to prime borrowers.

Read:

Mortgage securities to re-emerge in 2013

Mortgage clampdown is positive

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The staff of Advisor.ca have been covering news for financial advisors since 1998.