Interested in learning more about property mortgages in Canada? Look no further!
Latest News
CMLS introduces Aveo Flex 40, Canada’s newest 40-year mortgage + MORE Jan 29th
After its recent acquisition by Nesto, CMLS Group is signalling to brokers that they’re ready to do business, introducing a new partnership program and a 40-year amortization mortgage product..... More »
TMG The Mortgage Group announces strategic partnership with Mortgage Outlet Sep 10th
TMG The Mortgage Group, one of Canada’s largest mortgage brokerages, has announced a new partnership with Ontario-based Mortgage Outlet..... More »
The best way to fund your retirement + MORE Sep 7th
Q: I am 66 and retired with no defined benefit pension – just CPP and OAS. I do have RRSPs, both in savings and in mutual funds. I own my own home and it’s mortgage-free. I have some TD shares and Bell shares which are not within the RRSP portfolio.
My question is…in the future when I.... More »
Reaction to CMHC’s New Restrictions on Insured Mortgages Jun 7th
Obtaining mortgage insurance for a home purchase is about to become more challenging on July 1, particularly for first-time buyers. The Canada Mortgage and Housing Corporation (CMHC), Canada’s national mortgage insurance provider, unveiled stricter underwriting policies on Thursday for insured mor.... More »
Online-only mortgage services often seem to have better rates — but can you trust them like you can trust a bank? + MORE Mar 29th
Expert says online services such as Homewise, Nesto and Pineapple don’t impact the fundamental way that mortgages are underwritten. It’s just the front end that’s different..... More »
Cash-back Down Payments Dead Next Week
– canadianmortgagetrends.com
The door is closing on one of the last remaining forms of 100% financing. On June 30, insurers are banning cash-back down payment mortgages. Only a handful of lenders still market these products, and they’re all provincially regulated credit unions. OSFI has effectively barred cash-back down payment mortgages at the federal level (e.g., at banks). Despite questions about the risk of these products, they’ve been an almost insignificant concern for the mortgage market. The fact is, their uptake has been extremely low. Most people find a way to scrape up a 5% down payment and avoid paying posted rates for READ MORE
Street Capital Financial
– canadianmortgagetrends.com
Company: Street Capital Financial Position: Senior Credit Analyst Location: Calgary, Alberta Quality Assurance and Risk Analyst Street Capital Financial is a Canadian-owned and operated residential mortgage lender. Street Capital lends through a mortgage broker specific origination channel. Street Capital is dedicated to growing loan origination through this channel and is committed to innovative product development. Our employees are focused on providing world class service to clients, business partners and referral sources. Purpose of Position: Primarily responsible for review and assessment of completed mortgage applications PRIOR TO FUNDING. Reviews require thorough evaluation of documentation, compliance to company policy guidelines, and READ MORE
Canadian Bond Demand At Highest Level Ever
– ratesupermarket.ca
Government bonds have taken a beating around the globe – with the exception of Canadian bonds, which not only have weathered the sell-off panic, but continue to be in high demand. It seems Canada’s “safe haven” status is still recognized by investors, despite economic rumblings of lower oil prices and ballooning housing market.
It’s good news for fixed mortgage borrowers: as Canadian bond demand keeps yields low, lenders are given additional room to discount their fixed mortgage products. But uncertainty around rates remains, especially as it’s predicted the U.S. Federal Reserve may raise their own rates as early as the end of this year. Doing so would prompt our central bank to follow suit, and will likely impact the bond market.
Also read: How Bond Yields Affect Fixed Mortgage Rates>
Huge Foreign Interest
The numbers tell the story. During the first four months of 2015, investors outside of Canada bought $22.9 billion in federal bonds. According to data, which first started being collected in 1998, this is the most significant inflow of money into Canadian bonds – ever…
Street Capital Financial
– canadianmortgagetrends.com
Company: Street Capital Financial Position: Quality Assurance and Risk Analyst Location: Calgary, Alberta Quality Assurance and Risk Analyst Street Capital Financial is a Canadian-owned and operated residential mortgage lender. Street Capital lends through a mortgage broker specific origination channel. Street Capital is dedicated to growing loan origination through this channel and is committed to innovative product development. Our employees are focused on providing world class service to clients, business partners and referral sources. Purpose of Position: Primarily responsible for review and assessment of mortgage underwriting quality and compliance through evaluation of file data and documentation to ensure adherence to all READ MORE
