Some auto companies in Canada are offering eight-year interest free loans, and this is causing a spike in car sales, reports the Globe and Mail. But because these cars are being purchased on credit, this news is cause for concern, says General Motors Canada president Kevin Williams. In fact, it’s comparable to the spike in […]
The Financial Times reports JPMorgan Chase is in the hot seat for mortgage-backed securities it sold Fannie Mae and Freddie Mac pre-crisis.
Mortgage applications have decreased for two straight weeks, finds the U.S. Mortgage Bankers Association.
Even though home prices dropped slightly in the second quarter of 2013, the average price of a property still remains above the $1-million mark.
Hanif Mamdani says negative outlook for these institutions is unfounded
Advisor.ca is live-tweeting the Morningstar Investment Conference Canada.
Continued deleveraging, weak global recovery and China’s lethargic growth have slowed Canada’s own recovery.
Sareb, a Spanish “bad bank,” is attempting to woo international investors by selling distressed homes in the Andalucia and Valencia areas, reports ft.com. And it may be working — the news has attracted interest from private equity buyers. The deal is expected to raise €200m for Sareb, says ft.com, and could be the start of […]
Officials from Britain’s Office for Budget Responsibility say a newly announced mortgage guarantee scheme risks driving up home prices, reports ft.com. The Help to Buy scheme was proposed as part of last week’s Budget. Its goal is to decrease the shortage in housing, and increase the supply of low-deposit mortgages for creditworthy borrowers. Read more. […]
Four-in-10 Canadians (40%) planning to enter the housing market over the next two years will be first-time homebuyers, finds an RBC poll. The rest are taking a wait-and-see approach, with 15% likely to buy in the next two years, down from 27% last year. This is the biggest year-over-year drop. Read: Say goodbye to mortgage […]