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Canada watchdog wants more mortgage transparency

Posted by Politics News Headlines - Yahoo! News On March - 19 - 2012 News Politics

OSFI head Dickson waits to testify before the Senate banking committee in OttawaOTTAWA (Reuters) - Canada's banking regulator wants lenders to be more transparent about their mortgage businesses as it seeks to minimize the risk to the economy from record-high levels of household debt. Draft guidelines from the regulator released on Monday called for increased disclosure by banks on their exposure to certain mortgage products and markets, enhanced risk-management practices and treating home equity lines of credit (HELOCs) the same way as mortgages. ...


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