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OSFI preparing stricter capital requirements for some negative amortization mortgages
Financial Post via Yahoo Finance· 10 months agoCanada’s federal banking regulator is preparing to make banks hold more capital against certain...
Bank of Canada's record tightening campaign exposes lenders' mortgage risks
Reuters via Yahoo News· 10 months agoThe Bank of Canada's interest rate hike on Wednesday and prospects of more increases heighten risks...
How risky is it to extend Canadian mortgage amortizations?
Reuters via Yahoo Finance· 10 months agoCanada's record pace of interest rate hikes has led to the repayment period for many variable rate...
Bank of Canada voices concerns about variable rate mortgage products -Bloomberg News
Reuters via Yahoo Finance· 6 months ago“I think that product needs a close look and I think it’ll get a close look,” Senior Deputy Governor...
New SAVE student loan plan will drive down payments for many: Here's how it works
Detroit Free Press via Yahoo Finance· 9 months agoStudent loan borrowers who are fearful that they won't be able to afford to restart their payments...
Bank of Canada's Rogers urges shift by banks on mortgage lending -Bloomberg News
Reuters via Yahoo Finance· 6 months agoNov 3 (Reuters) - Bank of Canada's Senior Deputy Governor Carolyn Rogers said the number of so-called "negative amortization" mortgages is a concern, in an interview with Bloomberg News on Friday ...
Graduated payment mortgages: What are they and how do they work?
Bankrate via Yahoo Finance· 8 months agoKey takeaways A graduated payment mortgage, or GPM, comes with monthly payments that start small,...
Liberals' mortgage charter draws praise and warnings as renewal cliff looms
Financial Post via Yahoo Finance· 5 months agoA new charter codifying the relief that lenders must offer financially strapped mortgage borrowers...
Exclusive-Canada bank regulator says lenders should urgently tackle risks from mortgage extensions
Reuters via Yahoo Finance· 11 months agoTORONTO (Reuters) -Canada's financial regulator is urging lenders to tackle risks from mortgage...
New proposed rule could transform student loan interest
The Hill via Yahoo News· 2 years agoStory at a glance The Education Department has proposed eliminating certain instances of interest...