Mortgage Information

OTTAWA, Ontario, August 11, 2009 — The seasonally adjusted annual rate 1 of housing starts
decreased to 132,100 units in July from 137,800 units in June,
according to Canada Mortgage and Housing Corporation (CMHC).

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Housing Starts Decrease in July

OTTAWA, Ontario, June 09, 2009 — Canada Mortgage and Housing Corporation’s (CMHC) 2009
Mortgage Consumer Survey results were released today, and indicate
that nearly 90 per cent of recent home purchasers across

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Canadian Home Purchasers Savvy and Optimistic

Mortgage applications dropped sharply in the week ending April 24, ending what had been a series of steady increases over the past two months.

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[News] Mortgage Applications Drop

OTTAWA, Ontario, March 26, 2009 ? Today, the Canada Mortgage and Housing Corporation (CMHC) launched a consumer outreach campaign to help borrowers understand the importance of working with lenders to find manageable solutions if they are facing financial difficulties in repaying their mortgage loans.
?CMHC has a long tradition of offering mortgage default management tools to lenders ?

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CMHC Launches Campaign to Help Homeowners

OTTAWA, Ontario, March 09, 2009 ? The seasonally adjusted annual rate1 of housing starts declined to 134,600 units in February from 153,500 units in January, according to Canada Mortgage and Housing Corporation (CMHC).
?Increased listings and reduced sales in the existing home market continue to impact the new home market,? said Bob Dugan, Chief Economist at CMHC?s Market ?

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Housing Starts Decrease in February

OTTAWA, Ontario, February 19, 2009 ? Housing starts reached 211,056 units in 2008, a decrease from 228,343 in 2007, according to Canada Mortgage and Housing Corporation?s (CMHC) first quarter Housing Market Outlook, Canada Edition* report. Starts are expected to be about 160,250 for 2009 and about 163,350 for 2010.
?The new home market is moderating due to a number of key ?

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Housing Will Continue to Moderate in 2009

OTTAWA, Ontario, February 09, 2009 ? The seasonally adjusted annual rate1 of housing starts declined to 153,500 units in January from 172,200 units in December of 2008, according to Canada Mortgage and Housing Corporation (CMHC).
?To a certain extent, the decline in housing starts coincides with recent developments in the existing home market. Reduced sales and increased listings in ?

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January?s Housing Starts Decline

OTTAWA, Ontario, January 09, 2009 ? The seasonally adjusted annual rate1 of housing starts was 177,300 units in December, down marginally from 178,000 units in November, according to Canada Mortgage and Housing Corporation (CMHC).
?Housing starts in December were almost unchanged compared to November,? said Bob Dugan, Chief Economist at CMHC?s Market Analysis Centre. ?

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Housing Starts Moderate in December

… that it cut its exposure to troubled mortgages in the third quarter by $14,4 billion, … has a gross $1.2 billion exposure to subprime mortgages and that that position is, “actively …

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J.P. Morgan cut $14 bln mortgage exposure in third quarter

… by the housing bust. This is due in part to its minimal exposure to subprime mortgages. Defaults on those riskier loans skyrocketed in the past year and a half as …

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Wells Fargo 3Q profit falls 23 percent