Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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Mortgage Career: ICICI Bank Canada + MORE Apr 18th
Company: ICICI Bank Canada Position: Business Development Manager (Vancouver & Lower Mainland, B.C.) Location: Vancouver & Lower Mainland, BC Send resume to: careersca@icicibank.com Business Development Manager (Vancouver & Lower Mainland, B.C.) Relevant Work Experience: 3+ years .... More »
What to do with a rental property when you owe more than it’s worth + MORE Apr 22nd
Q. I bought a home in Fort McMurray, Alta., for $413,000 in 2007. Five years later, in 2012, I moved out and started renting the property, and it has remained an income property since then.
With the decline in oil prices, the town of Fort McMurray has seen real estate losing value like crazy. After .... More »
My mortgage payments are approaching my trigger rate. How will this affect my mortgage and what should I do? Nov 7th
Experts say the key is to be proactive and prepare your finances well before your entire mortgage payment is going towards paying just the interest..... More »
Solving Canada's National Housing Crisis Begins At Home + MORE Oct 4th
Canada has recently been held up as a shining example of a progressive nation. Just while countries across the Atlantic and south of the border appear to be adopting a more closed door attitude, Canada is forging ahead with inclusive policy and getting recognition for doing what's right.
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Mortgage rates going up a little.. for now. What should you do? Jul 2nd
Happy 150th Canada! Mortgage rates are going up. Hooray! Ok, yes, I’m being sarcastic. This isn’t the cheery message you wanna hear if you have a mortgage coming up for renewal soon. But, hold on. What does this really mean? It’s a great attention grabber. And now that .... More »
Rates fall at weekly US Treasury bill auction to lowest levels since September
– canadianbusiness.com
WASHINGTON – Interest rates on short-term Treasury bills fell in Monday’s auction to the lowest levels since last September.
The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.030 per cent, down from 0.045 per cent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.050 per cent, down from 0.065 per cent last week.
The three-month rate was the lowest since three-month bills averaged 0.010 per cent on Sept. 30. The six-month rate was the lowest since those bills averaged 0.040 per cent, also on Sept. 30.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.24 while a six-month bill sold for $9,997.47. That would equal an annualized rate of 0.030 per cent for the three-month bills and 0.051 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged down to 0…
The Treasury Department auctioned $25 billion in three-month bills at a discount rate of 0.030 per cent, down from 0.045 per cent last week. Another $23 billion in six-month bills was auctioned at a discount rate of 0.050 per cent, down from 0.065 per cent last week.
The three-month rate was the lowest since three-month bills averaged 0.010 per cent on Sept. 30. The six-month rate was the lowest since those bills averaged 0.040 per cent, also on Sept. 30.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,999.24 while a six-month bill sold for $9,997.47. That would equal an annualized rate of 0.030 per cent for the three-month bills and 0.051 per cent for the six-month bills.
Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged down to 0…
The strange case of the $748 hydro bill: Mayers
– thestar.com
When an Ottawa mortgage broker’s electricity bill went through the roof, she learned how tough it can be to take on your local utility.Citigroup to pay $1.13 billion to settle investor claims over mortgage-backed securities
– canadianbusiness.com
NEW YORK, N.Y. – Citigroup has agreed to pay $1.13 billion to settle claims by investors seeking that the lender buy back billions in residential mortgage-backed securities.
The New York-based investment bank said Monday that the pact it reached with 18 institutional investors calls for Citigroup to make a binding offer to the trustees of 68 Citi-sponsored trusts that bundled some $59.4 billion in home loans into securities from 2005 to 2008.
The settlement offer, which must be approved by the trustees and the court, would release Citi from having to buy back mortgages sold to the trusts.
But the lender would remain vulnerable to other types of investor claims, including misrepresentations in the offering documents associated with the securities. It could also face potential actions by regulators.
The agreement also doesn’t cover home loans sold through private-label securitization trusts via Citi’s consumer mortgage business.
As part of the settlement, Citigroup said it has taken a charge of about $100 million for the first quarter…
The New York-based investment bank said Monday that the pact it reached with 18 institutional investors calls for Citigroup to make a binding offer to the trustees of 68 Citi-sponsored trusts that bundled some $59.4 billion in home loans into securities from 2005 to 2008.
The settlement offer, which must be approved by the trustees and the court, would release Citi from having to buy back mortgages sold to the trusts.
But the lender would remain vulnerable to other types of investor claims, including misrepresentations in the offering documents associated with the securities. It could also face potential actions by regulators.
The agreement also doesn’t cover home loans sold through private-label securitization trusts via Citi’s consumer mortgage business.
As part of the settlement, Citigroup said it has taken a charge of about $100 million for the first quarter…
