Comment Comment by smnrchrds > as the gov't is trying to slow down the real estate marketThis is not the reason for mortgage stress test, just one of its effects. The main reason for the regulation is to avoid a tsunami of bankruptcies when interest rates eventually increase. parent smnrchrds 8 years ago
This is not the reason for mortgage stress test, just one of its effects. The main reason for the regulation is to avoid a tsunami of bankruptcies when interest rates eventually increase.