Mortgage Professionals Canada / Professionnels Hypothécaires du Canada
Registration:
25
of
27
(2022-09-06
to
2023-11-20)
Policies or Program
- Consultation and discussion as the Government periodically reviews provisions contained in the Bank Act dealing with capitalization mechanisms, securitization, mortgage insurability. and consumer eligibility requirements.
Policies or Program, Regulation
- Advocating for policies, programs and regulations which improve housing and mortgage affordability for Canadians, increase flexibility to face unforeseen circumstances, and expand choices for Canadians when making the most important financial decisions of their lives.
- Introducing mechanisms to improve income verification, while keeping the personal financial information of consumers safe, secure, and confidential.
- OSFI's Residential Mortgage Underwriting Practices and Procedures Guideline (B-20) with respect to insured mortgages and the minimum qualifying rate (stress test) on mortgage transfers and renewals.