CMHC multi-unit insurance jumps 30% as securitization volumes rise
Canada Mortgage and Housing Corporation insured 71,733 multi-unit residential units in Q1, far outpacing traditional homeowner insurance as its securitization activity also climbed.
FHA seeks feedback on how to improve property standards
The Federal Housing Administration is seeking feedback on its current single family minimum property requirements, after the Mortgage Bankers Association and others nudged...
Laurentian’s mortgage book shrinks as bank advances sale transactions
Laurentian Bank reported a second-quarter loss tied to restructuring and transaction costs, while its residential mortgage portfolio continued to decline as the bank...
Xactus turns a rival’s tool into its own fintech bet
Xactus bought a platform used by its competitors and turned it into a new subsidiary and company leaders say the deal is less...
Fixed mortgage rates head higher, with one silver lining for some borrowers
A recent spike in bond yields has lifted fixed-rate offers, but homeowners breaking a mortgage could see lower penalties, depending on their lender.
Why Panorama Mortgage rebranded as SimplyPMG
In deciding to rebrand its company, Panorama Mortgage Group wanted to emphasize simplicity, said Hector Amendola, its president.Processing ContentSo SimplyPMG is now what...