CMHC defends mortgage stress test changes amid calls for loosening rules – Penticton Western News

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The fallout from OSFI’s new mortgage stress test continues to play out across the mortgage industry. Some mortgage brokers are reporting an increase in their clients’ applications being rejected by the big banks and monoline lenders as a result of the new qualification rules. In some cases, the.

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Real Estate News As Montreal booms, city’s reputation for affordable apartments takes a hit CMHC defends mortgage stress test changes amid calls for loosening rules

In western New York, a storm that dumped up to 20 inches of snow. and spent about 20 hours a day outdoors this week responding to stranded vehicle calls, said he’s already taking calls for Monday.

Disheartening as that thought might be, the mortgage stress test is a good way of ensuring that you don’t end up under a serious amount of debt that you won’t be able to handle over time. True, you may not have the home you dreamed of, at least at first, but you also won’t be getting in over your head.

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from . . .

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CMHC defends mortgage stress test changes amid calls for.