Sentences with phrase «as mortgages for»

Subprime real estate lending is generally defined as mortgages for individuals with weak credit.

You can pretty much think of jumbo loans as mortgages for rich people.

A solid credit history can serve as leverage for acquiring the things you may want in life, such as a mortgage for your first home or financing for your first car.

Not exact matches

THE Bank of Queensland will use Western Australia as a testing ground for a return to the use of mortgage brokers and a new branch model in an attempt to firm up its bottom line.

This rule, known as «Know Before You Owe,» requires lenders to provide simplified details on mortgages to homebuyers to help them shop for a loan that's right for them.

For whatever reason, most Canadians see a mortgage as preferable to paying rent and maxing out their RRSP deductions and TFSA limits.

As these lenders are compelled to become increasingly selective about who is approved for home loans, desperate borrowers will seek mortgages from unregulated firms that aren't required to take out federal mortgage insurance.

«What's different here is that they were facing the recession just as they were graduating... Some have mortgage - size student loan payments they have to pay, and they're facing a job market with the potential for lower income,» he says.

As you can see, picking the right mortgage term for your financial situation is complicated.

As most unregulated lenders insure their mortgages and rely on CMHC securitization programs or the major banks for their funding, most of their mortgages must comply with federal mortgage rules.»

But he has a «pattern» of using shell companies to purchase homes «in all - cash deals,» as WNYC has reported, and then transferring those properties into his name for no money and taking out large mortgages against them.

First National — Canada's largest non-bank mortgage lender, originating $ 22 billion in loans each year — reacted swiftly, announcing Tuesday that Morneau's moves will impact about 41 % of its insured residential mortgages and that it anticipates a drop of as much as 10 % in originations of this kind, because its loans will no longer qualify for insurance.

Some observers predict that such borrowers will be forced to tap networks of small investors who lend through mortgage brokers, as well as mortgage investment corporations — in other words, the most remote corners of Canada's shadow banking sector, which accounts for 40 % of Canada's banking space.

Everyone comments on how authorities such as Canada Mortgage and Housing Corp. only now are starting to gather data on the extent to which international buyers are responsible for the price escalatio — an inexcusable example of bureaucratic inertia and old - fashioned Canadian complacency.

«Good» debt is typically defined as mortgage, education or business debt because, ideally, each of these investments will generate returns for years to come.

As the head of an industry association for mortgage lenders, brokers and insurers, Taylor isn't exactly impartial on the issue.

Documents in a mortgage backed security fraud case «reveal that J.P. Morgan, as well as... Washington Mutual and Bear Stearns, flouted quality controls and ignored problems, sometimes hiding them entirely, in a quest for profit,» the New York Times reported.

In the short - term, however, this increased leverage may actually be bullish for junk bonds, corporate bonds, emerging market debt and mortgage - backed securities as it brings higher prices and lower yields, he said.

The banking system was hyper - competitive and quick to take risks in pursuit of profits; policymakers aggressively pushed homeownership through measures such as tax breaks for mortgage interest payments; and weak recourse laws let mortgage defaulters off the hook.

«(With an alternative lender), the interest rates are higher, the qualifying rate is higher than if you were going with a traditional bank and they are going to charge one per cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»

«As a result, «affordably priced» homes are becoming less affordable while mortgage financing for higher priced homes remains out of reach of many aspiring move - up home buyers.»

For example, people seeking mortgages visit LendingTree.com, where they're guided through a series of around 20 prompts calling for such information as credit scores, the loan amount requested, and the proposed percentage down paymeFor example, people seeking mortgages visit LendingTree.com, where they're guided through a series of around 20 prompts calling for such information as credit scores, the loan amount requested, and the proposed percentage down paymefor such information as credit scores, the loan amount requested, and the proposed percentage down payment.

The biggest provider of mortgages for the past 50 years, Fannie Mae, had as their slogan, «We make the American Dream come true.»

For example, mortgage brokers spend as much as 90 % of their time processing applications, and could instead spend more time advising clients.

«I think of these as high - tech Beanie Babies or 21st - century tulips,» says Robert Hockett, a law professor at Cornell who gained notoriety after the financial crisis for proposing that cities use «eminent domain» to buy out underwater mortgages.

The banks» mortgage portfolios this quarter saw little impact from the federal financial regulator's new underwriting rules for uninsured mortgages, as of Jan. 1.

Hard inquiries on your credit — such as applying for a retail credit card — can lower your score temporarily, so avoid those activities in anticipation of a mortgage or loan application.

And if the global economy truly is as screwed as some believe — like Kyle Bass, for example, a Dallas fund manager Lewis encounters who predicted the sub-prime mortgage disaster and who has since bought an isolated ranch with its own water supply and an arsenal of weaponry, betting on severe economic collapse — then you're probably better off saving your nickels.

Banks retreated on home loans, issuing few purchase mortgages, and relying on the booming refi market for fresh business as rates plummeted.

As universally expected, the Federal Reserve left things as they were after yesterday's Federal Open Market Committee meeting: the target for the Fed funds rate stays between 0 and 0.25 per cent and the bank will continue to buy $ 40 billion - worth of mortgage - backed securities, plus $ 45 billion of longer - term treasuries per montAs universally expected, the Federal Reserve left things as they were after yesterday's Federal Open Market Committee meeting: the target for the Fed funds rate stays between 0 and 0.25 per cent and the bank will continue to buy $ 40 billion - worth of mortgage - backed securities, plus $ 45 billion of longer - term treasuries per montas they were after yesterday's Federal Open Market Committee meeting: the target for the Fed funds rate stays between 0 and 0.25 per cent and the bank will continue to buy $ 40 billion - worth of mortgage - backed securities, plus $ 45 billion of longer - term treasuries per month.

If the US decided as a nation to reduce or eliminate incentives for homeownership, eliminating just the mortgage - interest deduction would, on average, eliminate about a third of that subsidy.

CBA is seen as a stable part of life in the country of 24 million where most people have had a mortgage, insurance policy or regular savings account with CBA at some point - often starting with its famed «Dollarmites» deposit account for school children.

SecondMarket is the largest centralized marketplace and auction platform for illiquid assets, such as asset - backed securities, auction - rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock, residential and commercial mortgage - backed securities, restricted securities and block trades in public companies, and whole loans.

The yield, a barometer for mortgage rates and other financial instruments, has jumped in April on signs of nascent inflation and as the Federal Reserve stood by its plan to gradually tighten monetary policy.

As a result, you will end up with a mortgage that lasts for years and you have to work to pay off that mortgage.

In July, Finance Minister Jim Flaherty moved to tighten mortgage rules for the fourth time in as many years in order to discourage those most at risk of becoming over-leveraged.

In 2004, he launched a magazine for the service departments of auto dealers and recruited Sherry — who was feeling restless after a long career in the mortgage industry — as his partner.

The complaints were filed by such transparently named financial institutions as HSBC Bank USA, and EMC Mortgage Corporation, and BAC Home Loans Servicing, L.P., and LSF6 Mercury REO Investments Trust Series 2008 - 1, and Citibank, N.A., as Trustee for the Holders of Bear Stearns Alt - A Trust 2006 - 6 Mortgage Passthrough Certificates Series 2006 - 6, and Deutsche Bank Trust Company Americas f / k / a Banker's Trust Company, as Trustee and Custodian for IXIS 2006 - HE3 by: Saxon Mortgage Services, Inc. f / k / a Meritech Mortgage Services...

It is what makes possible the very popular 30 - year fixed - rate mortgage with a down payment that is manageable for a wide swath of creditworthy borrowers (20 %, with or without primary mortgage insurance for a conforming borrower), but also maintains other underwriting standards as well.

The business use percentage of expenses are generally deductible for items such as rent, repairs, utilities, mortgage interest, real estate taxes, insurance, depreciation and any other expenses.

As of mid-2015, the measure (see blue line in chart) shows that less than a third of disposable income is required by a representative Canadian household for mortgage payments and utility fees — below the long term average (brown line).

Still, in 2017, millennials officially surpassed baby boomers as borrowers for high - end mortgages.

TD says as of Wednesday it increased its posted rate for five - year fixed mortgages to 5.59 per cent from 5.14 per cent.

Something as simple as increasing your credit limit could improve your score before you apply for a mortgage.

Consumer purchases have been slowing down in recent months as households face higher costs for borrowing, stricter mortgage rules and large debt loads.

TD says as of Wednesday it increased its posted rate for five - year fixed mortgages

To take that comparison a step further, is there really any difference between the way VW packaged and marketed its pollution - spewing cars to regulators and customers as «clean,» and the way financial dark wizards took lowly subprime mortgages and prettied them up for sale as Triple - A high quality securities to gullible investors?

Christina Kramer, CIBC's group head of personal and small business banking for Canada, said it is too early to gauge the extent of the impact of the mortgage underwriting rules, as well as the January interest rate hike.

Demand for mortgages in December saw an uptick, with national sales up 4.5 per cent according to the Canadian Real Estate Association, as buyers scrambled to snap up homes before Jan. 1.

Industry watchers were also eyeing CIBC's results for early signs of the impact of recent changes to the banking landscape, such as stricter rules surrounding uninsured mortgages as of Jan. 1.