http://www.reuters.com/article/idCAN1123601620100211?rpc=44
"...the principal proposal was to require banks to consider whether a person who takes out a variable-rate mortgage can continue to make payments if interest rates were to go up significantly."
Risk aversion over greed. That's the name of the game.
"...the principal proposal was to require banks to consider whether a person who takes out a variable-rate mortgage can continue to make payments if interest rates were to go up significantly."
Risk aversion over greed. That's the name of the game.