RBC seeks to join Canada mortgage-bond fray on nonprime deal

Choice Act would grant QM status to portfolio mortgages "mortgage choice act" passes House. The bill specifically exempts fees paid to businesses affiliated with the lender, such as title companies, from the computation of points and fees under the QM cap. Fees paid to unaffiliated businesses were already exempt. Passage of the bill had been strongly advocated by the National Association.

With the exception of BMO, major banks have refused to advertise reasonable 5-year fixed rates (3.09% or less by today’s standards). But that changed last week when both Royal Bank and TD Canada Trust dropped their rates to 3.29% on a 5-year fixed. As best we can tell, that’s the lowest 5-year fixed rate that either have ever advertised on their websites.

A cyberattack has shut down international production at Asco, a company in Zaventem, Belgium, that is a significant supplier of parts to airline manufacturers around the world. According to the company, it has shut down all manufacturing operations in Belgium, Germany, Canada, and the US, sending more than 1,000 of their 1,400 global workers home.

Canadians managing mortgages despite soaring household debt load Average non-mortgage debt load now at $21,686, TransUnion says Canadians continue to pile up massive amounts of debt, with the average person now owing $21,686, but so far they’re managing to stay.

Non-prime lending threatening to housing sector, CIBC study says By Dane Dandan Font size : CIBC World Markets has identified another area of concern for the Canadian housing market in its latest report: the non- or less-regulated lenders offering home loans to consumers.

While there are some similarities, getting a mortgage 8 in the U.S. is a different process compared with the Canadian system. Here are six ways U.S. and Canadian mortgages are different.

In "How corporate tax credits got in the ‘cliff’ deal," by Tim Carney, The Examiner, 2 January 2013 Addendum for mid 2013 : "Immigration pork has purchased the support of a number of GOP senators who, not long ago, were both opposing immigration reform and demanding deep spending cuts to help reduce the deficit.

Royal Bank of Canada is the latest Canadian firm to explore a sale of bonds backed by. RBC Seeks to Join Canada Mortgage – Bond Fray on Nonprime Deal Royal Bank of Canada is the latest Canadian firm to explore a sale of bonds backed by uninsured residential mortgages .

RBC seeks to join Canada mortgage-bond fray on nonprime deal Royal Bank of Canada is the latest Canadian firm to explore a sale of bonds backed by uninsured residential mortgages. Secondary market April 20, 2017

In mortgages, these banks zigged while many others zagged Guaranteed Rate ramps up hiring with expanded training program Mortgage growth in Canada hasn’t been this weak since 2001 The hiring process won’t start until next year at the Amazon fulfillment center in Kernersville, though the online retailing giant has already confirmed its plan to have 1,000 full-time employeesAmerican Mortgage consultants buys meridian asset services cuj Growth | Credit Union Journal – In mortgages, these lenders zigged while many others zagged While regulation and nonbank competition are spooking some banks and credit unions, others believe low funding costs and the right relationships can help them succeed.

Royal Bank of Canada is the latest Canadian firm to explore a sale of bonds backed by uninsured residential mortgages. The bank is testing investor interest in a deal that would bundle mortgage loans to borrowers with credit ratings just below prime, known as "alt-A" mortgages, according to Tim Wilson, chief financial officer of