OSFI Eases Uninsured Mortgage Stress Test
This is a Canada news story, published by CityNews, that relates primarily to OSFI news.
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uninsured mortgage borrowersCityNews
•OSFI easing stress test requirements for uninsured mortgages when switching providers
84% Informative
OSFI easing stress test requirements for uninsured mortgages when switching providers.
OSFI says data shows the risks that the requirement had been intended to address “have not significantly materialized” In March , Canada ’s Competition Bureau recommended allowing uninsured mortgage borrowers to switch between banks without undergoing a stress test.
VR Score
86
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86
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86
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informal
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English
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78
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short-lived
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