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Canada’s National Housing Agency Discreetly Sent Banks A Memo That Warns Defaults Are Coming

Canada’s national housing agency discreetly asked lenders to curb risky lending. Evan Siddall, the head of the Canada Mortgage and Housing Corporation (CMHC) sent a confidential memo to lenders this week, requesting they tighten lending. Instead of taking the advice, the industry leaked parts of the memo. The CMHC has responded by releasing the whole […]

The post Canada’s National Housing Agency Discreetly Sent Banks A Memo That Warns Defaults Are Coming appeared first on Better Dwelling.

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