CMHC defends mortgage stress test changes amid calls for loosening rules

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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 . . .

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CMHC defends mortgage stress test changes amid calls for loosening rules. uninsured borrowers must now show they could service their mortgage if rates rose two per cent The Canadian Press; May. 23, 2019 2:40 p.m. News

CMHC can carry a maximum of $600 billion mortgage. by private sector and increase the market share of private mortgage insurers." It cautioned, however, that if any structural changes are made,

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 the measure to be changed. "The stress test is doing what it is supposed to do," wrote president and CEO Evan Siddall in a letter dated Thursday to the Standing Committee on Finance, calling out accusations of unintended consequences.

[CTV – May 23, 2019] 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," [.]