Industry players had complained about the imbalance that required the stress test to be applied again when changing banks but not when remaining with the same financial institution at renewal time.
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the ...
The latest stress test data revealed by the asset management companies (AMCs) in small and mid-cap mutual funds show that not much has changed in these categories since February this year.
Canada’s banking regulator will no longer require banks to apply the mortgage stress test to borrowers planning to switch lenders. The Office of the Superintendent of Financial Institutions ...
The national banking regulator says it will no longer require borrowers with uninsured mortgages to undergo a stress test when switching providers. The Office of the Superintendent of Financial ...
OTTAWA — The national banking regulator says it will no longer require borrowers with uninsured mortgages to undergo a stress test when switching providers. The Office of the Superintendent of ...