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Flaherty responds to banks' comments by | 2010-12-26 4:35:15 AM

While he still hasn’t ruled out tightening mortgage rules next year, Canadian Finance Minister Jim Flaherty thinks it is up to banks and not government to slow lending as household debt continues to rise, aided by low interest more

Banks required to do more stress tests for debt by | 2010-12-22 5:04:50 AM

Canadian banks and insurers will be required to do more testing on the risks consumer debt places on their balance sheets, said the Office of the Superintendent of Financial Institutions (OSFI) on Monday December more

New Addition to Mortgage Alliance Franchise by | 2010-12-22 3:34:49 AM

A new franchise, specializing in commercial mortgages, has been awarded to Murray Wood, Michel Durand, Mike Shamber and Brennan Wood who will now be known as Mortgage Alliance, Commercial more

Banks won't impose own tighter mortgage rules: TD by | 2010-12-18 12:31:13 AM

Canadian banks are not likely to impose stricter mortgage qualifying rules on their own to curb the nation’s rising household debt, TD chief executive officer Ed Clark told The Globe and more

Canadian household debt ratio tops U.S. by | 2010-12-17 6:20:30 AM

Canadian households had a higher debt-to-income ratio than their U.S. counterparts for the first time in 12 years, and the government may consider tightening mortgage rules to make it harder for households to become more

Australian government bans pre-payment penalties by | 2010-12-15 6:07:07 AM

Australian Treasurer announced changes to finance laws, banning unpopular mortgage fees and cracking down on price collusion between major banks in a bid to boost competition in the more

Report finds Americans losing faith in mortgage lenders by | 2010-12-11 8:14:15 AM

A recent poll showed that Americans continue to grapple with uncertainty about the housing market, with 58 per cent of U.S. adults expecting recovery to take at least another two more