Free Trial
US TSY FUTURES

Post-PMI Rally, Service Sector Miss

BRENT TECHS

(U2) Corrective Bounce Fades

EUROZONE ISSUANCE

EGB Supply For W/C July 25, 2022

EUROZONE T-BILL ISSUANCE

W/C July 25, 2022

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Regulator Tightens Rules For Real Estate Secured Lending, But By End 2023

CANADA
  • OSFI BRINGS IN COMBINED LOAN PLANS INTO EXISTING HELOC RULES
  • CANADA COMBINED-LOAN PLANS NEED TO BE AMORTIZED BEYOND 65% LTV – all bbg
  • Combined loan plans (CLPs) have become the predominant uninsured real estate secured lending product, with those >65% LTV accounting for C$204B of the C$1.8T in outstanding residential mortgages. Implementation of the new rules won’t be until Oct 31, 2023 or as late as Dec 31, 2023.
67 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • OSFI BRINGS IN COMBINED LOAN PLANS INTO EXISTING HELOC RULES
  • CANADA COMBINED-LOAN PLANS NEED TO BE AMORTIZED BEYOND 65% LTV – all bbg
  • Combined loan plans (CLPs) have become the predominant uninsured real estate secured lending product, with those >65% LTV accounting for C$204B of the C$1.8T in outstanding residential mortgages. Implementation of the new rules won’t be until Oct 31, 2023 or as late as Dec 31, 2023.