Sentences with phrase «borrowing standards»

Their various sources of income allowed them to treat Alberta's troubles as a local issue, leaving borrowing standards unchanged for everyone else.

Their various sources of income allowed them to treat Alberta's troubles as a local issue, leaving borrowing standards unchanged for everyone else.

To finance the high - priced homes, lenders have loosened borrowing standards, overextended credit, and employed aggressive marketing tactics.

Shares of Toronto - based Genworth MI Canada Inc. plunged a record 12 per cent in two days after the mortgage insurer predicted that over one - third of insured borrowers would struggle to meet the new borrowing standards.

«All of the proposed measures to tighten borrowing standards in Canada (e.g. increased minimum down payments) will simply crowd out the domestic buyer and leave the field wider open for foreign capital inflows.»

Fitch believes the cause of this is the same reason why auto sales have greatly increased in the past few months: the sudden increase in the number of auto loans made using fairly loose borrowing standards.

«Many buyers during the housing boom in the early 2000s took on large and risky financial commitments facilitated by relaxed borrowing standards and the belief that house prices would continue to appreciate.

Gone are the days of being over-extended as a result of easy «Liar Loans» with borrowers qualifying for mortgages in today's housing market at restrictive borrowing standards.

So whether the loan is approved or not will depend on how well they meet the borrowing standards of the specific lender who is going to fund the loan.

Lenders who severely loosened their borrowing standards were also part of the problem.

«Borrowing standards are also loosening; lenders are more motivated to bring in first - time buyers.