GREY:CXSNF - Post by User
Post by
privateoneon Oct 04, 2016 12:56pm
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Post# 25307410
Short term pain
Short term painWith the news announced by Mr Morneau yesterday, I would not be surprised if SCB and other monoline lenders see a sell off.
Many of SCB's potential borrowers will find it much harder to qualify under the new rules. That 2%+- bump in qualifying rate makes a large difference in what they can qualify for.