Over-leveraged homeowners remain vulnerable to lenders - BNN

A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled.

A much anticipated federal clampdown on a new mortgage product that sinks over-leveraged homeowners deeper into debt has fizzled. The product is called a readvanceable mortgage. It combines a tradit… [+3162 chars]

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