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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

Originally published on Advisor.ca

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