No trigger for a Canadian house price crash: CIBC economist

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… a Canadian house price crash: CIBC economist Subprime debt binge blamed for U.S. housing market … peak of the cycle, subprime and Alt-A mortgages accounted for no less than 33 per …

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No trigger for a Canadian house price crash: CIBC economist

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Group helps people avoid foreclosure

Author:  //  Category: Mortgage

… Financially strapped and now behind on the mortgage payments on their Ewing home, they are … what community banking is all about. “The subprime mess has caused such turbulance in the …

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Group helps people avoid foreclosure

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Insurance Insight: Extreme volatility, Genworth Financial edition

Author:  //  Category: Mortgage

… likes of and several of the leading mortgage and financial guaranty insurers. Genworth has responded … Fraizer specifically cited the company’s avoidance of subprime and second-lien mortgages and its underweight position …

Insurance Insight: Extreme volatility, Genworth Financial edition

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[News] US Senate to Vote on $700 Billion Rescue Plan

Author:  //  Category: Mortgage

Tonight the US Senate will take their turn at passing the $700 billion bailout plan. On the heels of a stunning defeat in the House of Representatives on Monday that sent the US Stock Market down 700 points, the Senate will attempt a modified version.

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[News] US Senate to Vote on $700 Billion Rescue Plan

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Local banks strong in lagging economy

Author:  //  Category: Mortgage

… As dismal news of sour mortgages from large banks and an overall credit … There was a lot of high-risk or sub-prime lending going on. In a lot of …

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Local banks strong in lagging economy

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Credit crunch affects people differently

Author:  //  Category: Mortgage

… trouble months before bailout talks began. “The sub-prime approvals are down about 40 percent over … said Gary “Bernie” Bernfeld, with the Austin Mortgage Banker’s Association. Bernfeld said his mortgage company …

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Credit crunch affects people differently

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Canadian economy should brace for further impacts from troubled U.S.: economists

Author:  //  Category: Mortgage

… United States. South of the border, toxic sub-prime mortages to risky borrowers led to a … hundreds of billions of dollars of failed mortgage debt, which is at the heart of …

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Canadian economy should brace for further impacts from troubled U.S.: economists

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People trusting in small banks for protection

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… Southern Connecticut, said. “We don’t have any sub-prime exposure.” It’s an outlook that has served … on risky investments. Here, they’re still doing mortgages loans. “You’re probably better off going to …

People trusting in small banks for protection

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Storm Proof

Author:  //  Category: Mortgage

… and the loose lending practices that allowed banks to, in effect, bundle and securitize subprime mortgage loans, Richmonds much-touted condo market has largely emerged unscathed. Its a familiar story: Nationally, …

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Storm Proof

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How are you affected by financial turmoil?

Author:  //  Category: Mortgage

… financial turmoil mean for people looking for mortgages or auto loans. Should we worry about … and credit unions have stayed away from sub-prime lending. “There’s really no incentive for our …

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How are you affected by financial turmoil?

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