VersaBank Launches Enhanced CMHC Lending Program, Expected to Generate $2 Million in Revenue in Fiscal 2026

VersaBank has launched an enhanced CMHC lending program, expected to generate a minimum of $2 million in incremental revenue in fiscal 2026 with de minimis additional operating expenses. The program utilizes the Canadian Mortgage Bond Program allocation capacity to invest in CMHC-insured multi-unit residential term mortgages. The Bank will earn a fixed fee on the securitization and sale of these mortgages, complementing the growth from its Receivable Purchase Program financing solution in the US and steady growth in Canada.