The latest in mortgage news: OSFI unveils minor changes to insurer capital adequacy test

Highlights a recent announcement by the Office of the Superintendent of Financial Institutions (OSFI) regarding a minor modification to the insurer capital adequacy test. The article explains that the change aims to enhance the risk assessment and capital requirements for mortgage insurers. It discusses the implications of this adjustment on the mortgage industry, including potential impacts on mortgage insurance costs and availability. The article emphasizes the importance of ensuring the stability and resilience of the mortgage market through effective regulatory measures.