CMHC poll suggests majority of homeowners believe they will pay loans off early
A recent online survey conducted by CMHC shows that 81 per cent of recent homeowners in Canada are comfortable with their current level of mortgage debt.
2010 CMP Award Winners
The 4th Annual CMP Awards gala was a huge success, attracting approximately 500 guests - the largest attendance so far. Here is the complete list of winners for 2010
Canadians not overly concerned with interest rates rising: survey
One-third of Canadian mortgage-holders are not concerned about their ability to make payments if interest rates rise, according to a recent survey by Investors Group, while four in ten respondents said it would take at least a three per cent rate hike before they began to worry.
AIG United Guaranty comes under Canadian ownership, gets new name
The name AIG United Guaranty is no longer after the Ontario Teachers' Pension Plan, along with other investors, successfully completed the acquisition of the private mortgage insurer and renamed it Canada Guaranty Mortgage Insurance Company.
CMAs 2010: Number of popular votes hits over 7,000
We're happy to announce we received over 7,000 votes from our readers for the first-ever CMP Canadian Mortgage Awards popular vote campaign.
CREA and competition tribunal continue to disagree
The battle between commissioner of competition Melanie Aitken and the Canadian Real Estate Association (CREA) intensified again as Aitken alleged "personal attacks" in a court filing with the Competition Tribunal.
Subprime mortgage mess on the horizon: Financial Post
Canada could be facing a mortgage nightmare in the next few years with an estimated 30,000 subprime loans - now dubbed "orphan loans" - coming up for renewal in the next few years, according to a report in the Financial Post.
Islamic financing takes step forward
It looks as if the Canadian market is making way for Islamic Finance, an issue being explored since earlier this year. Global bankers, politicians and lawyers recently gathered at the Usury Free Association of North America (UFANA) to discuss the issue.
Reforms will cause more mortgage securitization, Canadian banks warn
Proposals on global financial reforms by an international committee are raising concerns among Canadian bankers that lenders will be forced to resort to more mortgage securitization, according to a report in the Financial Post.
New BFS mortgage insurance rules change tomorrow
The new CMHC rules for self-employed borrowers take effect tomorrow and pose new challenges for this category of client.