China stocks fall among third-home mortgage speculation
In China, property investors were hoping the limit of purchasing two homes was being lifted but the Chinese banking regulator insisted this was never the case, causing China's stocks to fall amidst the speculation.
Government compliance costs small business nearly $1.2 billion in 2008
Small and medium sized businesses in five major industrial areas in Canada spent nearly $1.2 billion filling out government forms and paperwork in second phase of 2008, a recent study has found.
More Banks Lower Rates
Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Laurentian Bank announced yesterday they're reducing mortgage rates
Top 50 Brokers revealed in July
CMP's Top 50 Brokers list, ranked by total volume funded in 2009, will be revealed in our upcoming July 5.7 issue.
Toronto woman paying for mortgage fraud
A Toronto woman is being ordered to pay RBC $95,000 after failing to realize she was being tricked into a mortgage fraud.
Alberta man jailed for multi-million mortgage scam
An Alberta man was sentenced to three years in prison for a $3.9-million rural mortgage scam that included 32 separate fraud charges over two years.
Ignatieff announces new national housing strategy
Plans to implement it before the next federal election
Spanish banks accomplish a feat of irony as they attempt to sell off real estate assets
In 2008, Spanish banks took on a large amount of homeowners’ debt in exchange for assets, or homes. While this move helped avert a massive reduction on debt, it left Spanish banks with far more homes as assets instead of loans.
In U.S., 500 arrested for mortgage fraud
Nearly 500 people have been arrested in a U.S.-wide crackdown on mortgage fraud since the operation began March 1. Federal officials found that Las Vegas was one of the major centres where scams were situated to falsley inflate house prices.
More likely to foreclose on your loan with poor math skills: U.S. study
If you have poor math skills, you're three times more likely to go into foreclosure over your mortgage loan found a new study led by Stephan Meier, a Columbia University assistant business professor.