No, Kevin Warsh Isn’t Coming to Save Mortgage Rates
New Fed chair Kevin Warsh narrowly got confirmed via a 54-45 vote Wednesday, leading to what many hope will be lower mortgage rates,...
Desjardins sees mortgage growth drive stronger first-quarter earnings
Residential mortgages now account for nearly two-thirds of Desjardins’ loan book, while impaired mortgage loans remained relatively stable despite ongoing economic uncertainty.
Not All Lending Agency Guidelines Are The Same: Key Underwriting Differences Borrowers Should Know
In today’s mortgage landscape, it’s easy to assume that Fannie Mae, Freddie Mac, and FHA all underwrite loans the same way. On the surface, their...
Household debt at a high, risks lurk beneath stable arrears
Household debt inched up to another record high in the first quarter even though nonmortgage-related debt drifted lower with a seasonal decrease in...
Most Home Sellers Are Also Home Buyers: Why That’s a Problem Today
They say most home sellers are also home buyers.In other words, they aren’t just selling their property and disappearing into thin air.Nor are...
Borrowers shift to variable rates as renewal pressures begin to ease: CMHC
CMHC says borrowers are increasingly turning to variable-rate and shorter-term mortgages as renewal pressures begin to ease and insured lending rebounds.