TAO Solutions Response to NHA MBS Liquidation Accommodations

As you are probably aware, CMHC issued a communique to all approved NHA MBS issuers on August 12, 2020 that detailed several accommodations to liquidation rules for pooled loans.  More specifically, CMHC is providing issuers with liquidation flexibility for loans with modifications that allow for “deferral arrangements, capitalization, amortization extensions, and temporary interest-only payments.”  In order for…