Canada’s banking and insurance watchdog has made some changes to the rules that mortgage insurers and banks must follow to minimize their risks from homeowner loans.
The Office of the Superintendent of Financial Institutions on Thursday released a final set of rules that mortgage insurers must follow to minimize their risks, making some small changes to the draft rules it had released earlier this year. It has also made some minor changes to the rules that banks must follow when selling mortgages.
Tara Perkins – Globe and Mail – November 6, 2014.
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