If federal mortgage announcements leave your head spinning due to ambiguities and omissions, you're not alone. It's a wild dream, but maybe one day, regulators will let mortgage practitioners proofread their communications in advance. Then, edits can be made and mortgage pros will get all the

Canada's bank regulator officially announced the removal of the federal mortgage stress test for borrowers switching from one lender to another, but oh, mama, the devil's in the details!

💡Also in this edition: • DLC is a 10-Banger • Mortgage Bytes (lots of 'em) Also: A new Amortization Simulator is now available with the latest forward rates, post-Canadian CPI. OSFI says everything's a go for tomorrow's stress test policy change. The banking regulator confirms that "

Six weeks ago, Scotiabank dropped a policy bomb with its STEP qualifying rate change. The move made it much harder for borrowers with higher debt ratios to get approved. After investigation, we've since unearthed suspected reasons behind this shift. The story that follows outlines those, as well as