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CMHC defends mortgage stress test changes amid calls for loosening rules – Nanaimo News Bulletin

CMHC defends mortgage stress test changes amid calls for loosening rules . Rick Warren: msn.com 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.

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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.

OTTAWA – The Canada Mortgage and Housing Corporation is defending the mortgage stress test amid calls for the measure to be changed. President Evan Siddall says in a letter to the Standing Committee on Finance that the new measure is working as intended to lower house prices and protect Canadians from borrowing too much money.

The Mutual Fund Dealers Association of Canada (MFDA) is warning reps that, although they may be licensed as mortgage brokers, they can’t sell syndicated mortgages outside of their MFDA dealer. In a.

CMHC defends mortgage stress test changes amid calls for loosening rules. uninsured borrowers must now show they could service their mortgage if rates rose two per cent The Canadian Press; May. 23, 2019 2:40 p.m. News cmhc head issues sharp defence of mortgage stress test as calls grow to loosen rules.