Apparently CMHC is hiring consultant how to mess with her $23 billions or so cash in hand. We wonder what is her strategy in case the $700 billions she is shouldering on behalf of taxpayers go belly up ? Canada Mortgage and Housing to form investment consultant pool BY RICK BAERT Canada Mortgage and Housing […]
Canadian mortgage rates are heading higher and higher
Really ? Interest rate never go up, but banks want to charge more and more … while facing no risk whatsoever ? For the record, mortgage risk is underwritten by CMHC ie. your money … and it’s approaching $Trillion now. So, what’s the rationale here ? Canadian mortgage rates on the rise A number of […]
Conspiracy to break up CMHC for the better ?
The secret plan to break up the CMHC Analysis: New CMHC head leads focus on financial industry, risk management Board members will be required to have more knowledge of balance sheets, financial acumen By Greg Quinne and Andrew Mayeda, Bloomberg Canada Mortgage & Housing Corp., which insures $563 billion of mortgages, named former Bank of […]
Banks are turning more people to ‘loan sharks’ for home purchase financing
Not only banks are getting pickier, they’re also giving out lesser and lesser … because they can’t really ride on ‘fool’ like CMHC anymore ? No idea how true is th allegation, but we do know CMHC is under more serious scrutiny now. And while banks are totally desperate to have as many mortgages as […]
Mortgage rate is rising ? Locking up is the way forward ?
RBC, quite possibly North America’s most profitable bank, has just hiked their mortgage rate. However, will the rest of the financial big boys follow suit (they usually do) is anyone’s guess. The intriguing question at hand is why will they rest hike the rate accordingly when the overall mortgage market is shrinking ? Are Canada’s […]