Sentences with phrase «federal housing agency»

It would not be surprising to see federal housing agencies increase loan limits for some of these housing markets in 2017.

It would not be surprising to see federal housing agencies increase loan limits for some of these housing markets in 2017.

It would not be surprising to see federal housing agencies increase loan limits for some of these housing markets in 2017.

TORONTO — The head of Canada's federal housing agency says regulators should explore the possibility of raising the minimum down payment required on a home as a way of easing affordability and reducing risk to the financial system.

Last month, Canada's federal housing agency found high house prices in the Toronto area have been spilling over into nearby cities like Hamilton, Barrie and Guelph, and even to farther - flung areas such as the St. Catharines - Niagara region.

TORONTO — There is growing evidence of risk in the country's real estate markets as home prices have climbed faster than income and population growth, a report by Canada's federal housing agency says.

This lack of suitable housing led to the creation of the Alley Dwelling Authority in 1934, a federal housing agency that built affordable and sanitary housing units.

Nowadays nearly all residential mortgages are guaranteed by the government's Federal Housing Agency (and have been since 2008), so banks are not threatened.

Of note to one reader's question, lenders do not need a FICO score to submit a mortgage to the federal housing agencies for insurance, but the GSEs do require all three raw credit reports be pulled into a «Tri Merge» file as part of the underwriting process.

«If I were concerned about anything from a long - term housing market point of view it's the supply of housing in Toronto and Vancouver,» Evan Siddal, the head of the federal housing agency, the Canada Mortgage & Housing Corporation, told Reuters.

A federal housing agency is giving Connecticut $ 3 million to create more affordable housing for its low income residents.

The federal housing agency should seek local approval before selling land or developing projects at housing developments.

Before his employment at MBA, Howe served as deputy chief of staff to Andrew Cuomo, who at the time headed the federal housing agency for then - President Bill Clinton.

Last year authority managers admitted that for years NYCHA had misled the federal housing agency that funds most of its operations by falsely claiming it had performed all required lead paint inspections of its aging apartments.

Last October, Canada Mortgage and Housing Corp. issued its first «red alert» for the Canadian housing market as a whole, with Toronto among the markets that has most concerned the federal housing agency.

Even debt - free Canadians could eventually feel a pinch from someone else's maxed - out credit cards, suggests research presented to senior officials at the federal housing agency.

Even so, the federal housing agency is also forecasting for a weaker, but still healthy, housing sector.

Breaking News: The Federal Housing Agency has eased refinance standards under the Home Affordable Refinance Program (HARP) in order to help homeowners qualify for -LSB-...]

OTTAWA — Nearly one in five first - time homebuyers received help with a down payment from a family member, according to a survey conducted by the federal housing agency released Tuesday.

According to speaking notes posted on the website of the federal housing agency, Siddall told his audience that the CMHC is working with a number of government entities, including the Department of Finance and the Bank of Canada, to examine ways of better distributing risk across the financial system.

The Federal Housing Agency is taking additional steps to expand access to mortgage credit for underserved borrowers.

This new option will give borrowers greater flexibility in managing their cash flow, says the federal housing agency.

Housing starts fell 4.3 per cent to 183,989 units in November from a month earlier as construction of multiple - unit buildings in Ontario dropped sharply, offsetting strong growth in British Columbia, the federal housing agency said.

The federal housing agency says the current downturn in Toronto's housing market is expected to be short - lived.

The federal housing agency says the two programs combined account for less than three per cent of CMHC's insured business volumes in units.

The federal housing agency also announced that it has established maximum house prices, amortization periods and debt servicing ratios for its low - ratio transactional mortgage loan insurance product, effective July 31.

However, as most resale markets move toward more balanced conditions, growth in average MLS price is forecast to slow to 5.2 per cent in 2008 and 3.8 per cent in 2009, says the federal housing agency.

Housing starts will ease in 2005, and reach 223,600 units, a decrease of 4.2 per cent from the 17 - year high in 2004, says the federal housing agency.

In 2009, the trend will continue with a decrease to 446,600 units -LRB--2.6 percent), says the federal housing agency.