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Credit unions identify new B20 perils

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Mortgage Broker News | 09 Nov 2012, 07:00 AM Agree 0
The national trade association of credit unions is offering fresh criticism of OSFI lending guidelines, suggesting the rules unfairly limit mortgage access for immigrants, low-income, rural and Aboriginal Canadians.
  • Broker | 10 Nov 2012, 06:43 AM Agree 0
    "OSFI cannot impose the guidelines on provincially regulated credit unions"

    CMP. That is not accurate. OSFI can apply them through CMHC approved lender rules, if it so chooses.
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