Robert McLister·Mortgage Regulations·February 11, 2010ING’s Aceto Warns Against Blanket Mortgage Rule Changes The government should hold off on wide-ranging down payment and amortization changes, says Peter Aceto, ING Direct’s CEO. While conceding that some of Canada’s real estate markets may be “irrational,” he said this to the Globe & Mail: “I worry about government-based tightening of the mortgage rules creating…too fast of a cooling, which is not really good for anyone.” “The banks in this country don’t have to lend to the limit of the law – they can make smart rules on their own and not have Minister Flaherty make the decision for them.” Scotia Capital, in a separate Globe interview, said Canada will “face even greater risk of a price bubble popping” if “abrupt rule changes” are imposed as home prices correct naturally. The Globe’s been giving this topic a lot of play lately. Here’s yet a another editorial asserting that a mortgage rule crackdown is unneeded. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.