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1 OSFI proposal likely DOA: insurer

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Mortgage Broker News | 03 May 2012, 11:06 AM Agree 0
The OSFI proposal limiting access to mortgages as Canadians march toward retirement is least likely to pass into “law,” the head of Genworth’s risk operations reassured brokers.
  • Michael Goss | 04 May 2012, 04:54 AM Agree 0
    Is it not against the law to discriminate on age???
  • Claire Drage | 05 May 2012, 06:01 AM Agree 0
    You cannot discriminate on age... I remember we used to have the old "rule of 90" which if the age plus amortization added together exceeded 90 then it was a decline. However, no lender would ever say that was the reason as its discriminatory. This won't fly!
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