Learn more about Canadian mortgage rates, rules and the latest news – read on!
Latest News
Mortgages: The Digital Future Oct 7th
Most of the financial world is already heavily invested in online distribution. And then there’s the mortgage business. Our industry is scampering to catch up. But catch up it will…and soon. That was the vivid takeaway from last week’s 2nd annual Digital Mortgage Conference in San Francisco. I.... More »
First National sees Q2 drop in single-family originations, but mortgage portfolio expands + MORE Aug 14th
Despite a drop in single-family mortgage originations, First National’s commercial lending and overall mortgage portfolio showed robust growth in Q2..... More »
Overvaluation in 11 housing markets in Canada: CMHC + MORE Nov 1st
TORONTO – Canada Mortgage and Housing Corp. says it has detected overvaluation in 11 housing markets, with other concerns flagged in Toronto, Winnipeg, Saskatoon and Regina.
A new CMHC report released today says acceleration in home prices and overvaluation — which occurs when prices aren’t su.... More »
Celebrating excellence: New inductees join the Mortgage Hall of Fame + MORE Oct 20th
Canada’s mortgage industry came together on Monday night to honour this year’s three newest inductees into the Mortgage Hall of Fame..... More »
Verico Spin Mortgage Corp. + MORE Sep 5th
Company: Verico Spin Mortgage Corp. Position: Mortgage Administrator (Growth Position) Location: Victoria, BC Mortgage Administrator (Growth Position) Experience: Previous experience an asset, but not required Licenses: Not required initially Contact: https://spinmortgage.com/contact/ Description: S.... More »
Dominion Lending Centres Canada – 4 year Closed : 3.09% (-0.2%)
– ratesupermarket.ca
Dominion Lending Centres Canada 4 year Closed mortgage rate was changed on July 27, 2013
Bank of America may be facing civil charges over mortgage backed securities and other mortgage-related matters.Spotlight On Mortgages: August 2, 2013
– ratesupermarket.ca
Mortgage Defaults On The Decline: Genworth
Fewer Canadians are defaulting on their mortgage loans this year, according to the Q2 earnings report released by Genworth MI Canada this week. Genworth, a private mortgage insurer that provides default coverage for high-ratio borrowers (an alternative to coverage provided by the CMHC), reported that losses on default claims are $9 million lower than in Q1, and $13 million lower year over year.
The decline indicates that the number of high loan-to-value borrowers is dropping. While this is due in part to last summer’s CMHC rule changes squeezing some buyers out of the market, fewer defaults also suggest that Canadian credit situations are improving amid a strengthening economy.
The insurer also noted that business is booming with a net income of $88 million – a sign of a healing mortgages market.
“Our business continues to perform well,” stated Brian Hurley, Genworth chairman and chief executive officer, in a release. ”A balanced housing market, stable economic climate and strong portfolio quality have all contributed to the positive trends in our business, in particular our loss performance…
A New Mortgage Awards Night
– canadianmortgagetrends.com
The movie business has a lot of big industry-wide awards nights: the Golden Globes, Oscars and People’s Choice, for example. But Canada’s mortgage business has had just one: CMP’s Canadian…
Dominion Lending Centres Canada – 3 year Closed : 3.09% (0.15%)
– ratesupermarket.ca
Dominion Lending Centres Canada 3 year Closed mortgage rate was changed on July 26, 2013
