CTV Morning Live: Mortgage Minute - July 12

Frank Napolitano recaps OSFI's announcement and how it may impact potential home buyers in the future. The proposed restrictions OSFI announced will make it difficult for self-employed individuals who don't declare their full income on their tax documents.

Credit scores will be monitored closely which may result in clients being declined based on delinquencies that occurred years ago. Frank also reports that cellular phone providers are now reporting to Equifax, thus it has become even more important to ensure you are not missing any payments.

Click here to watch the full episode on CTV.