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Mortgage Broker News | 29 Jun 2016, 08:15 AM Agree 0
Canada’s leading broker association calls for lenders to release mortgage data prior to any further government macro-prudential regulation
  • Dave | 29 Jun 2016, 08:42 AM Agree 0
    The government is clueless and OSFI has no idea what its doing. Years ago they should have consulted plenty more bankers and mortgage brokers. Instead they just made up some new rules with no real idea of what risks are in the housing and mortgage markets.

    They did away with true 65% equity lending on the 'A' side which was 99.9% safe for lenders from an overall risk standpoint. Instead, they allow 5% downpayment for college graduates at their 1st full time job and put the risk on taxpayers?

    What a joke.
  • John Van Driel | 29 Jun 2016, 10:40 AM Agree 0
    Totally agree with Dave!!!!
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