Office of the Superintendent of Financial Institutions
Sound Mortgage Underwriting: Foundation for Stability - Remarks by Ben Gully Assistant Superintendent, Regulation Sector to the C.D. Howe Institute, Toronto, Ontario, January 24, 2020.
"Sound mortgage underwriting helps both the lenders and borrowers involved in mortgage transactions, as well as the stability of the broader economy."
OSFI has updated the Guideline B-20 Information Sheet on its website. The document provides information on OSFI's role in maintaining a safe and sound Canadian financial system, includes a brief history of the guideline, reports on some of the impacts the revised Guideline B-20 has had on Canada's uninsured mortgage market, and identifies areas for review.