View source for Canada Banking Regulator To Cap Mortgages To Highly Indebted...

OTTAWA,  [http://loanstoonline.com advance cash online] March 22 (Reuters) - Canada's banking regulator is limiting the number of highly leveraged [http://loanstoonline.com online payday loans no credit check] in the banks' residential mortgage portfolios, which have ballooned alongside rising prices to make Canadian borrowers among the most highly indebted in the world, the Globe and Mail reported on Friday.<br><br>The Office of the Superintendent of Financial Institutions has told lenders they will have to limit [http://loanstoonline.com online payday loans no credit check] to borrowers with mortgages greater than 4.5 times their annual income, the newspaper reported, citing two sources familiar with the matter.<br><br>(Reporting by Ismail Shakil in Ottawa,  [http://loanstoonline.com advance cash online] editing by David Ljunggren)<br><br>In case you loved this information and you would love to receive more info relating to [http://loanstoonline.com cash loans] generously visit our own internet site.