U.K. regulator has issued guidance that calls for six-month payment deferrals
As deferral programs end, delinquent mortgages could increase
The principles-based guidance will be flexible, the Ontario regulator says
Non-mortgage debt was down as a result of the economic shutdown, Equifax says
Most applications for mortgage deferrals were approved in March and April
This announcement marks the second rate cut in three months
House prices are recovering and keeping homeowners from filing for insolvency
Mortgage credit quality is highly correlated to jobs and house prices
Average house prices forecasted to fall between 9% and 18% over the next year
Some homeowners resorted to HELOCs before government programs kicked in