Mortgage
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Generation Z credit rose 30% as Canadian consumer debt rose $2.5 trillion
For mortgage brokers nationwide, the report highlights the dependence on Canadians on unsecured credit, especially among young borrowers. Canada’s total…
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OSFI Eye’s Loan to Income Rules to Replace Stress Tests Because Industry Trade-off Meaning
The Office of the Director of Financial Institutions (OSFI) first proposed the idea of switching from the current “stress test”…
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Darlington BS launches 95% LTV rate reduction product from 4.19% – Staking Strategy
The Darlington Building Society has launched a five-year fixed-rate product under its new price cut plan that offers up to…
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Unemployment rate reaches 7%, but the market lowered its July lower odds due to job losses than expected
Bond yields rose slightly after the release as investors expect a July tax rate cut by Canadian banks. According to…
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As Skipton raises loan standards – Mortgage Strategy, lenders write to FPC RE loans to income cap
The CEOs from three UK lenders have written to the Chair of the Treasury Commission to highlight the Bank of…
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Livemore boosts lifetime LTV by 1.75% – Staking Strategy
Livemore raises the loan-to-value ratio of its lifelong products by 1.75%. Stock release lenders say, for example, LTV has increased…
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Chetwood Bank combines Modamortgages and CHL sales teams – Mortgage Strategy
Chetwood Bank combines its Modamortgages and CHL mortgages as the sales force of the intermediary. This move is part of…
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CIBC: Record trade deficit in September, supporting BOC cuts in September
Statistics Canada reported that exports have fallen by 10.8% per month in the past month, a monthly decline since the…
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Kozicki: Don’t expect inflation fears to continue to decline as tariffs come
In a speech at the CDHo Institute on Thursday, Lieutenant Governor Sharon Kozicki said central banks increasingly rely on non-traditional…
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Consent to slideshow to “destroy” home construction goals: Investec – Mortgage Strategy
Labour’s plan to build 1.5 million new homes by 2030 is being “destroyed” by the decline agreed by the plan,…
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