Canadian Home Price Gains May Exaggerate Equity, Manual Approvals Rise: BMO
One of Canada’s largest banks totally thinks your home is worth the appraisal. They’re just going to double-check your income though, uh… for a totally unrelated reason. Home equity levels may be exaggerated, said BMO chief risk officer Patrick Cronin. On the bank’s Q2 2021 earnings call, the executive explained the bank is putting a greater focus on mortgages in fast-rising markets.
Original Article Source Credits: Better Dwelling , https://betterdwelling.com/
Article Written By: Stephen Punwasi
Original Article Posted on:
Link to Original Article: https://betterdwelling.com/canadian-home-price-gains-may-exaggerate-equity-manual-approvals-rise-bmo/