Mortgage Blog
Category: Miscellaneous (5 posts)
CMHC set to be under OSFI supervision?
April 26, 2012 | Posted by: Crescent Mortgage Corp.
With Canada’s most prominant mortgage insurer approaching its massive coverage limit, the federal government appears set to announce Thursday how it will tighten oversight of the Crown corporati ...
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Stated Income Mortgages
February 29, 2012 | Posted by: Crescent Mortgage Corp.
According to CAAMP, Canada has approx. 2.67 million self-employed citizens, about 15% of the work force. Due to how they report income and deduct expenses, these individuals are frequently reliant on ...
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CMHC Legislative Limit
February 28, 2012 | Posted by: Crescent Mortgage Corp.
There have been rumblings about the Canada Mortgage and Housing Corporation approaching its legislative limit for mortgage default insurance; currently at more than 90% of its $600 billion cap. Nearly ...
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Short-Term Rates Stay Put
January 26, 2012 | Posted by: Crescent Mortgage Corp.
Canada’s key interest rate will end 2011 unchanged. The Bank of Canada left its policy rate at 1.00% today, as anticipated. In a statement, the Bank said European economic performance will be ...
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2 Out of 3 Don't Shop at Renewal
January 26, 2012 | Posted by: Crescent Mortgage Corp.
Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expect. ...
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