Feds probe mortgage brokerages
Filed Under Main Content · Tagged: Banks, Canada, Feds Probe, Globe And Mail, Mortgage Brokerages, Mortgages
Globe and Mail – While slightly more than half of all mortgages in Canada are sold by staff of the big banks, the broker channel, made up of about 16000 brokers, …
Feds probe mortgage brokerages – The Globe and Mail
Canadian big banks top expectations
Filed Under Main Content · Tagged: Associated Press, Bank Of Canada, Canada Banks, Canadian Banks, Royal Bank Of Canada, Subprime Mortgage, Top Executive
The Associated Press – Canada’s banks avoided the subprime mortgage mess. A top executive at the Royal Bank of Canada also noted a robust spring mortgage season. …
The Associated Press: Canadian big banks top expectations
Is buying a student a house better than renting?
Filed Under Main Content · Tagged: Amortization, Amortization Schedule, Bedrooms, Buying House, House Price, House Renting, Interest Rates, Mortgage, Times Colonist Victoria, Victoria Bc
Times Colonist, Victoria, BC – One bedroom with a shared kitchen can easily generate $500 per month in rent. Multiply by three bedrooms and you’ve got $1,500 in rental income for that house. The price of a four-bedroom house can run from $250,000 to $400,000, but based on 20% down, the mortgage on a $300,000 home, for example, could be carried from the rent alone (based on today’s interest rates and a 25-year amortization schedule)…
Is buying a student a house better than renting?
Bank earnings a nice surprise for Bay Street
Filed Under Main Content · Tagged: Banks, Business Bank, Difficult Times, Earnings, Interest Rates, Loans, Margins, Mortgages, Nbsp, Nice Surprise, Recession, Record Lows, Rising Tide, Toronto Star, Unemployment
Toronto Star – These have been difficult times for the banks. With interest rates at record lows, margins on deposits and mortgages are razor thin. They are struggling against a rising tide of bad loans as the recession drives up unemployment and puts a lid on consumer spending…
TheStar.com | Business | Bank earnings a nice surprise for Bay Street
