CMHC defends mortgage stress test changes amid calls for loosening rules – Kelowna Capital News

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model validation and stress testing with respect to their mortgage lending. “Given the current uncertainty and volatility in global capital markets, historically low interest rates, higher Canadian.

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CMHC CEO defends mortgage stress test changes amid calls for loosening rules.. The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry.

The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations. ” My job is to advise you against this reckless myopia and protect our economy from potentially tragic consequences,” wrote president and CEO Evan Siddall in a letter dated.

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