RBC will become the first Big 5 bank in more than a year to advertise a variable-rate mortgage under prime rate. The company just announced it’s cutting its “special offer”...
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08Feb
Big Six Bank CEOs Reportedly Meet With Mark Carney
Filed Under: Government Related, Mortgage Regulations by: Melanie & Robert McLister
According to unnamed sources, the heads of the Big Six banks met with the Bank of Canada’s Mark Carney on Nov. 25. That’s according to this Globe & Mail article....
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06Feb
Talking Readvanceables Mortgages
Filed Under: Mortgage Commentary by: Melanie & Robert McLister
Mortgage Centre's Jas Grewal and Mortgage Architect's Peter Majthenyi (both mortgage planners) were on CBC talking about readvanceable mortgages this week. "There are ways to make the debt on your...
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A year ago, the liquidity crisis had many non-bank lenders questioning their competitiveness. Street Capital is the perfect example of how much things have changed. The company is on a...
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05Feb
Carney Suggests No Need For New Mortgage Rules
Filed Under: Government Related, Mortgage Regulations by: Melanie & Robert McLister
Bank of Canada chief, Mark Carney, says there is no housing bubble in Canada. “We are following it closely but we would not characterize the current state of the housing...
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05Feb
Carney Suggests No Need For New Mortgage Rules
Filed Under: Government Related, Mortgage Regulations by: Melanie & Robert McLister
Bank of Canada chief, Mark Carney, says there is no housing bubble in Canada. “We are following it closely but we would not characterize the current state of the housing...
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05Feb
Are FHAs Changes A Model For Canadian Insurers?
Filed Under: Mortgage Commentary by: Melanie & Robert McLister
The U.S. Federal Housing Administration (FHA)—which calls itself the world’s largest mortgage insurer--is increasing down payment requirements for those with credit scores under 580. Affected home buyers will now need...
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In 2006, mortgage brokers originated 65% of U.S. mortgages according to the National Association of Mortgage Brokers (NAMB). In three short years, U.S. broker share has collapsed to a previously...
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2 bedroom suite design 2K is sold out. For more availability and prices, contact the Republic Presentation Centre at 416-480-0700.
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03Feb
Home Trusts New 1-Year Variable
Filed Under: New Mortgage Products by: Melanie & Robert McLister
Most mortgage shoppers are still in love with fixed rates, but many have been licking their chops with variable rates near 2%. That’s driving new interest in short-term variable mortgages....
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