Peter Routledge

Lenders reducing average amortization lengths

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths

April 1, 2024 No Comments

OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios.

“We don’t see vulnerabilities worsening,” OSFI says as it leaves capital buffer for big banks unchanged

December 8, 2023 No Comments

Canada’s banking regulator today announced no change to the amount of capital banks must keep on hand to cover potential future losses.

OSFI calls fixed-payment variable rate mortgages dangerous

Fixed-payment variable rate mortgages a “dangerous product,” says OSFI

November 2, 2023 1 Comment

Canada’s banking regulator said Thursday it views fixed-payment variable-rate mortgages as a “dangerous product” that puts certain borrowers at increased risk of default.

OSFI seeks to address “problem” of fixed-payment variable-rate mortgages

September 7, 2023 1 Comment

It’s no secret that Canada’s banking regulator has its sights set on fixed-payment variable-rate mortgage products. And OSFI chief Peter Routledge reiterated that point during a speech today.

OSFI proposes capital requirement changes for lenders and mortgage insurers to address mortgage risk in Canada

July 11, 2023 No Comments

Canada’s banking regulator today unveiled proposed changes to the capital requirements that would impact the country’s lenders and mortgage insurers.

OSFI increases its Domestic Stability Buffer

As economic risks heighten, OSFI raises the amount of capital banks must keep on hand

June 20, 2023 No Comments

Canada’s banking regulator announced today an increase in the amount of capital banks must keep on hand to cover potential future losses.

The mortgage stress test has helped protect Canada’s housing market in this downturn: OSFI

April 28, 2023 1 Comment

The mortgage stress test has thus far proven effective in protecting the housing sector from a volatile economy, but further changes haven’t been ruled out, says Canada’s banking regulator.

OSFI proposes new mortgage restrictions

January 12, 2023 3 Comments

Canada’s banking regulator has unveiled three new regulatory proposals that could further restrict mortgage lending pending a just-launched consultation period.

The latest in mortgage news: OSFI has no plans to loosen the stress test

September 14, 2022 1 Comment

Despite today’s mortgage borrowers having to qualify at rates in excess of 6% and 7%, Canada’s banking regulator said no changes to the stress test are imminent.