This story serves to let people know that if you feel you are getting overwhelmed with your bills and more specifically your mortgage payment CMHC and the big five banks want you to know that you can approach them and work things out.The key is that you must go to them BEFORE you get over your head.The funny thing is, Genworth, Canada’s other insurer, has had this program since their inception.  CMHC is now doing it due to the realities of the market.  Competition is good for our industry but CMHC is not playing fair these days.Genworth is in effect being blocked out by unfair competition from CMHCs parent, our federal government.  They will not grant Genworth the same government guarantees that they give CMHC which of course means that in this environment banks will prefer to insure with CMHC.More on this later…