Underwriting with confidence at time of uncertainty. Commercial underwriting challenges Much has been written about the Covid19 pandemic, and its effect on commercial real estate. Physical distancing, stay-at-home protocols, and mandated business closures, have had an...
Stress Testing A new residential mortgage stress test is coming. The new qualifying rate will be the greater of the borrower’s contract rate or the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus two percentage points....
Investors woke up today to one of the largest single day drops in Government of Canada bond yields in recent memory. This fell on the heels of the Bank of Canada Rate Announcement yesterday, that the policy rate would remain unchanged at 1.75%. Several factors seemed...
Commercial lending assessments are vastly more convoluted than residential ones, and a slew of conditions must first be met before lenders will agree to fund purchases....
