[Canadian housing] Largest issuer of non-insured Canadian mortgages down 60% today after agreeing to C$2B emergency loan
EDIT with the loan details:
- C$100M non-refundable fee
- 10% on outstanding balances
- 22.5% on first C$1B
- Rate declines to 15% if line of credit is fully utilized
Posted Apr 26, 2017, 5:31 PM UTC
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