U.S. home sales expected to bottom out in 2012: Fannie Mae
U.S. home sales are set to rebound as the economy recovers, according to Fannie Mae’s Chief Economist Dave Duncan, but since prices lag sales, home values in the U.S. won't likely bottom out until 2012.
DLC president bends the ear of Finance Minister
Dominion Lending Centres president Gary Mauris was one of the participants Wednesday at a pre-budget consultation held in Regina by Finance Minister Jim Flaherty. The following is a summary of the day, submitted by Mauris.
CAAMP says mortgage fears are exaggerated
A new study released by CAAMP concludes that very few Canadians face unaffordable increases in mortgage costs and Canadian lending criteria are already tight.
Street Capital introduces trailer fee model for brokers
Street Capital Financial Corporation announced the launch of its new Street Loyalty Program to encourage renewal business with brokers by offering two compensation models, including trailer fees.
Real estate rebound expected in 2011 after "tough summer"
The Conference Board of Canada says the latest indicators predict a strong 2011 for Canada’s real estate market.
Ottawa tightens mortgage rules
Finance Minister Jim Flaherty announced a second tightening of mortgage rules in the past 12 months as Canadian household debt became a growing concern at the end of 2010 and historically low interest rates continued to persist.
Have your say with Finance Minister Flaherty
Gary Mauris, President of DLC is seeking advice from everyone involved in the mortgage industry as he prepares to attend a pre-budget consultation roundtable with Canadian Finance Minister Jim Flaherty Jan. 19 in Regina, Sask.
Fed gov't discussing new restrictive condo mortgage laws
The federal government is focusing on new ways to limit qualifying for mortgage loans on condominiums, according to the Financial Post.
Xceed to halt mortgage origination
In announcing its financial results for 2010, Xceed Mortgage stated that it will suspend origination of insured mortgages through its broker network and that its application to become a regulated financial institution will continue to remain on hold.
Rates to rise 1.5 per cent in 2011: Merrill Lynch Canada
The Bank of Canada will likely increase interest rates by 1.5 percentage points because of anticipated inflation later this year, according to Sheryl King, chief investment strategist for Merrill Lynch Canada.