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Canadian lenders urged to prepare for escalating mortgage risks

The central bank’s continued interest rate hikes, as with those in the US and other countries, ruffled the feathers of the local mortgage market, which sits at an estimated C$2tn. Known as negative amortisation, this irregularity occurs when homeowners can only cover their monthly interest payments and not make a dent in the mortgage itself. […] The post Canadian lenders urged to prepare for escalating mortgage risks appeared first on LeapRate...
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Posted: Oct 23 2023, 09:49
Author Name: leaprate
Views: 042360