Mortgage Information

The number of “underwater” mortgages declined in the second quarter of the year, but that’s mainly because some of those borrowers lost their homes to foreclosure, according to a new report out this week.

The state of Maryland is cutting the interest rate and boosting down payment assistance for its primary homebuyer assistance program.

KELOWNA, British Columbia, April 28, 2010 — RE/MAX has been awarded Most Trusted Residential REALTOR® as voted on by readers of Reader’s Digest magazine. The survey conducted for the annual awards revealed that the majority of Canadians trust RE/MAX for all their residential real estate needs, ranking RE/MAX associates five-times more ‘trusted’ than the second most …

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RE/MAX Recognized as the Most Trusted Real Estate Brand in Canada

From Jan. 1 through April 9, MortgageDaily.com tracked 55 mortgage related closings.

At about the same point last year, 50 closings had been tracked.

The increase was fueled by bank failures, which doubled compared to a year earlier.

Credit union failures jumped by half from 2009.

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Bank Failures Double

The incentives mortgage servicers receive for managing a home loan are a significant obstacle to loan modification that would help financially troubled borrowers avoid foreclosure, according to a new report from the National Consumer Law Center.

Original post:
[News] Report: Foreclosure More Profitable than Loan Modifications for Servicers

WHITEHORSE,, September 24, 2009 — The Honourable Daniel Lang, Senator (Yukon), on behalf of the
Honourable Diane Finley, Minister of Human Resources and Skills
Development Canada and Minister Responsible for Canada Mortgage and

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Government of Canada and the Government of Yukon Open Seniors Housing Project in Haines Junction

HANOVER, Manitoba, September 23, 2009 — The Government of Canada announced today that the Rural
Municipality of Hanover, has been approved for an infrastructure
loan as part of Canada’s Economic Action Plan.

Source:
Canada’s Economic Action Plan Delivers Housing-Related Infrastructure Loan for the Rural Municipality of Hanover

HALIFAX, Nova Scotia, August 07, 2009 — Trucks could be rolling into four Nova Scotia communities as early
as this fall to break ground on affordable housing for seniors and
people with disabilities.

Continued here:
Province of Nova Scotia Issues Proposal Call for More Affordable Housing

SUDBURY, Ontario, July 14, 2009 — The Government of Canada, the Government of Ontario, and the City
of Greater Sudbury today launched an affordable housing project
that will create 80 units of affordable housing for low-income

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Construction Starts on Affordable Housing Complex in Sudbury

WINDSOR, Ontario, July 10, 2009 — The Government of Canada, the Province of Ontario and the City of
Windsor today announced $1.9 million to fund six
construction-ready projects.

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Construction Set to Begin on New Affordable Housing in Windsor