August 2007

A top mortgage company official we know believes Canada’s commercial paper market will not return to normal for at least 3-4 months.  (Non-bank lenders use

The snowball is picking up speed.  More Canadian lenders are joining their competitors in discontinuing higher risk subprime mortgages.  This week HSBC and ResMor became the

Investors are demanding higher rates of return on Canadian mortgage-backed securities.  Here’s a great article from MyNext Mortgage’s Boris Kogut that explains the repercussions. According to

It’s getting tougher for “credit-challenged” Canadians to get mortgages at decent interest rates. GMAC Residential Funding of Canada, MCAP Financial and N-Brook have all curtailed or halted lending

You rarely see more euphemisms than in real estate ads.   Fraser Beach knows how to cut through it though.  Check out his rather comical translation

The Canadian Real Estate Association (CREA) was a “little” shy on this year’s home sales estimates. In May they forecast that 2007 home sales would

Our product knowledge was recently put to the test in a comparison we did on Smith Manoeuvre mortgages. In cases where we didn’t know the

5-year bond yields have slid over 1/2% since June 12.   Meanwhile, more lenders are raising their 5-year fixed rates than lowering them!  It’s a curious

Here’s another article on how the Bank of Canada is torn between raising rates and not raising rates.  It’s amazing how fast things can change. 

Date Until Organization Event City Province Link 9/06/07 9/07/07 AMBA 2007 Annual AGM, Conference & Trade Show Red Deer Alberta more info 9/08/07 AMBA 2007