- 大傻继续认为，Flaherty 现在有更大几率在今年3月底前发表第四轮缩紧房贷政策。
|Flaherty concerned by mortgage lending|
CBC News Posted: Feb 2, 2012 3:56 PM
Finance Minister Jim Flaherty said he shares the concern of Canada's top banking regulator that lenders are loosening their mortgage standards too much, but said any problems in the system are being corrected.
On Tuesday, Bloomberg released documents obtained through freedom of information requests that showed the Office of the Superintendent of Financial Institutions (OFSI) has some fears that loosening mortgage standards poses an "emerging risk" to Canada's economy.
"OSFI's concern arises out of some work that OSFI has done as part of the ordinary course of its business to look at some of the loans being made by financial institutions," he said. "I was informed of what their assessment showed with respect to a few financial institutions, which is a matter of concern."
"That is being corrected," Flaherty said.
The reaction from the finance minister came at the end of a busy week in which multiple stories cast some doubt on the sustainability of Canada's booming housing market.
On Tuesday, it emerged that the Canada Mortgage and Housing Corporation has committed to back $541 billion in mortgages within striking distance of the agency's $600-billion limit.
Part of the reason the CMHC is running out of wiggle room is that in recent years, Canada's big banks have moved en masse to purchase CMHC insurance for their mortgages even where the borrowers have more than 20 per cent in equity.
"CMHC has recently received an unexpected level of requests for large amounts of CMHC portfolio insurance," CMHC spokesman Charles Sauriol told CBC News this week. That's giving lenders "the ability to purchase insurance on pools of previously uninsured low ratio mortgages," he said.
They're doing that so that they can turn debt in the form of mortgages into assets on their own balance sheet through a process known as securitization. These new securitized mortgages can then be sold to other investors.
The sale of such mortgage-backed securities was prevalent in the lead-up to America's housing crisis in 2007, but it's a practice that has been rare in Canada to this point.