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