* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Canada Proposes Tougher Bank Capital Rules on Extended Mortgages

July 11, 2023
in Business
Canada Proposes Tougher Bank Capital Rules on Extended Mortgages
Share on FacebookShare on Twitter

Canada’s banking regulator is proposing to make it more costly for lenders to accommodate mortgage borrowers who stretch out their loans in an effort to limit housing-market risks in the financial system.

Author of the article:

Bloomberg News

Bloomberg News

Ari Altstedter

Published Jul 11, 2023  •  1 minute read

Homes in Toronto, Ontario, Canada, on Wednesday, June 21, 2023. Canada is scheduled to release gross domestic product (GDP) figures on June 30. Photographer: James MacDonald/Bloomberg Homes in Toronto, Ontario, Canada, on Wednesday, June 21, 2023. Canada is scheduled to release gross domestic product (GDP) figures on June 30. Photographer: James MacDonald/Bloomberg Photo by James MacDonald /Bloomberg

(Bloomberg) — Canada’s banking regulator is proposing to make it more costly for lenders to accommodate mortgage borrowers who stretch out their loans in an effort to limit housing-market risks in the financial system.

Advertisement 2

This advertisement has not loaded yet, but your article continues below.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword.

REGISTER TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors.

Lenders would have to hold more capital against mortgages that are in “negative amortization” — that is, in which the monthly payments are no longer enough to cover the interest owed, and so the balance is getting bigger. The new rules would apply to mortgages where the loan amount is 65% or more of the value of the property, according to a proposal released Tuesday by the Office of the Superintendent of Financial Institutions. 

Article content

The move is the latest attempt by regulators to contain fallout from the Bank of Canada’s interest rate hikes over the last year. 

Canada’s pool of variable rate mortgages, which track the central bank’s overnight rate, have come in for particular scrutiny. The products became very popular when rates were at record lows during the early part of the Covid pandemic. But when the central bank raised rates sharply last year, some borrowers took the option of not paying the full amount of interest they owe each month. 

This advertisement has not loaded yet, but your article continues below.

Article content

This unpaid interest is tacked onto the principal instead, a process called negative amortization because as the loan grows, the lender extends the total time for it to be repaid. 

The regulator’s proposal for higher capital requirements would provide one more curb on how the banks use this tool, and “encourage banks to lessen the number of mortgages that would otherwise go into negative amortization,” OSFI said in its proposal. It will be open for comment until Sept. 1.

The change to the bank’s capital requirements wouldn’t cause borrowers’ monthly payments to increase during their current term, the statement said.

Read More: Canada Adds Guidelines for Banks to Prevent Mortgage Defaults

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Financial Post – https://financialpost.com/pmn/business-pmn/canada-proposes-tougher-bank-capital-rules-on-extended-mortgages

Tags: businessCanadaproposes
Previous Post

Mexico’s Vesta to Hasten Industrial Park Projects, CEO Says

Next Post

Jewelry, ornate pottery show 3,000-year-old Cypriot city was a key trading hub, scientist says

Julia Schell scores six tries as Canada thrash Fiji in Women’s Rugby World Cup – The Guardian

Julia Schell scores six tries as Canada thrash Fiji in Women’s Rugby World Cup – The Guardian

August 24, 2025
Why Tipping Feels Out of Control in Today’s Economy – MSN

Why Tipping Feels Out of Control in Today’s Economy – MSN

August 24, 2025
Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

August 24, 2025
New report demonstrates that corporal punishment harms children’s health – World Health Organization (WHO)

Shocking New Findings Expose the Serious Harm Corporal Punishment Inflicts on Children’s Health

August 24, 2025
Privately influential but publicly absent, Melania Trump is picking and choosing her moments this term – CNN

Melania Trump: Quietly Influential and Selectively Stepping Into the Spotlight This Term

August 24, 2025
Third annual event highlights cultural, ecological importance of Tawas Lake – Iosco County News Herald

Explore the Vibrant Culture and Stunning Ecology of Tawas Lake at This Year’s Exciting Third Annual Event!

August 24, 2025
UNT Ph.D. Grad Gives $2M to Launch Data Science Innovation Lab – Dallas Innovates

UNT Ph.D. Grad Gives $2M to Launch Data Science Innovation Lab – Dallas Innovates

August 24, 2025
Center to advance hunting and conservation looks to tradition, science – NBC Montana

Center Pioneers New Era in Hunting and Conservation by Merging Tradition with Science

August 24, 2025
‘Hidden gem’ – the lifestyle village beating the property slump – Stuff

‘Hidden gem’ – the lifestyle village beating the property slump – Stuff

August 24, 2025
UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

August 24, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (787)
  • Economy (808)
  • Entertainment (21,687)
  • General (16,646)
  • Health (9,848)
  • Lifestyle (820)
  • News (22,149)
  • People (809)
  • Politics (817)
  • Science (16,019)
  • Sports (21,306)
  • Technology (15,788)
  • World (789)

Recent News

Julia Schell scores six tries as Canada thrash Fiji in Women’s Rugby World Cup – The Guardian

Julia Schell scores six tries as Canada thrash Fiji in Women’s Rugby World Cup – The Guardian

August 24, 2025
Why Tipping Feels Out of Control in Today’s Economy – MSN

Why Tipping Feels Out of Control in Today’s Economy – MSN

August 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version