The Office of the Superintendent of Financial Institutions (OSFI) launched a public consultation of Guideline B-20 on Residential Mortgage Underwriting Practices and Procedures on Thursday. The consultative document outlines addendum proposals to the current guidelines to mitigate mortgage lending risks. “Mortgage lending risks, particularly related to debt serviceability, have increased considerably since the onset of … Continue reading OSFI Looks To Tighten Mortgage Underwriting Rules, Opens Public Consultation