Elan Weintraub Quoted on Mortgage Broker News –BoC touts long-term mortgages to open MBS market

  https://www.mortgagebrokernews.ca/news/boc-touts-longterm-mortgages-to-open-mbs-market-257119.aspx Lenders are chary about propagating the advantages of long-term mortgages because they don’t want to be exposed to the market for that long, but Sammut says that the MBS market would free capital for long-term mortgage loans, which banks would then price aggressively. But is a long-term mortgage really the best thing for […]