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Mortgage Broker News | 15 Apr 2014, 09:52 AM Agree 0
Brokers are likely breathing a sigh of relief following OSFI’s release of its B-21 guidelines Monday, with one of the only major changes being the office of the superintendent recommending stricter down payment requirements.
  • Angela Wong-Liao - Invis Inc | 15 Apr 2014, 11:55 AM Agree 0
    Yes, it is indeed a relieve as B-21 does not increased minimum down payment percentage. It is common sense that cash back and other non-traditional source of down payment is eliminated.
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