Ottawa targets securitized mortgages

This year’s budget puts the crosshairs on securitized mortgages, and the industry’s smaller players are concerned the move may send their costs through the roof, the Globe & Mail reports.

“They fear the proposed changes will limit competition, distort mortgage rates, and throw a wrench in the recovery of the asset-backed commercial paper (ABCP) market,” the report explains.

Read more here.

Also read:

Regulators to distribute $60 million in ABCP funds

Banks still pushing for low mortgage rates

Fewer Canadians will buy homes: RBC

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.