OSFI has proposed a number of debt serviceability measures, including loan-to-income and debt-to-income restrictions, intended to better control risks stemming from high consumer debt. OSFICanada | realestate debt mortgage lending finance Canada
The Office of the Superintendent of Financial Institutions is considering new mortgage lending restrictions in an effort to mitigate increased risks stemming from high household debt.on Guideline B-20, which outlines residential mortgage underwriting practices, OSFI has proposed a number of debt serviceability measures, including loan-to-income and debt-to-income restrictions.
The proposed measures are intended to better control prudential risks stemming from high consumer debt, OSFI said, adding, “OSFI welcomes stakeholder views on these debt serviceability measures, how they might be implemented, and other measures that could address prudential risks arising from high household indebtedness. OSFI may choose to pursue one or more of these measures or others that meet OSFI’s prudential policy objectives.
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