Recent data released by the Federal Reserve Bank of New York show mortgage credit has not expanded much since the beginning of the current economic expansion. 838 more words
Tags » Mortgage Debt
Exchanging one form of debt for another is a fatal financial decision. You cannot borrow your way out of debt, period.
I just heard another commercial from an area mortgage lender encouraging home owners to refinance their homes and take out equity to payoff credit card debt.267 more words
The Fraser Institute recently pointed out that Canadian personal debt is at an all time high. Mortgage debt alone is $1.23 trillion.
While that number is likely accurate, the issue of debt is a complex one and the insinuation that a high number is bad can be misleading. 514 more words
Statistics Canada regularly publishes the ratio of total household debt to disposable income. Since this ratio has been steadily rising, its publication alarms and reminds Canadians the extent to which they are in debt relative to their incomes available for spending and saving. 1,399 more words
A number of mortgage brokers who are accused of committing fraud to secure home loans for customers in Ontario are still actively operating, says the head of the lending company that extended them the money. 582 more words
The country’s closely watched housing market continued its strong upward climb in June, with average prices marching 9.6 per cent higher led by – surprise – gains in Vancouver and Toronto. 232 more words