Michael Fratantoni, chief economist of the Mortgage
Bankers Association, said the group is very wary of the fixed - COFI mortgage product due to
restrictions on prepayments.
On June 30, 2017, the Canadian banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), issued an advisory (the Advisory) that sets out how OSFI interprets and administers (a) the Bank Act restrictions on the use of the words «bank,» «banker» and «banking,» and (b) the exception to these restrictions that applies where the use of these words is not in relation to a financial services busines
On June 30, 2017, the Canadian banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), issued an advisory (the Advisory) that sets out how OSFI interprets and administers (a) the Bank Act
restrictions on the use of the words «bank,» «banker» and «banking,» and (b) the exception to these restrictions that applies where the use of these words is not in relation to a financial services busines
on the use of the words «bank,» «
banker» and «banking,» and (b) the exception to these
restrictions that applies where the use of these words is not in relation to a financial services business.