Sentences with phrase «residential mortgage credit»
Over the same period, outstanding residential mortgage credit expanded at a rate of 8.9 per cent per year.
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At the time, residential mortgage credit represented 34 % of total household and business credit.
Outstanding residential mortgage credit is also at a new high.
Residential Mortgage Credit Report (RMCR) requires a fifth independent entity to investigate disputed items and verify income and employment.
The volume of residential mortgage credit outstanding is forecast to grow by 11.7 per cent in 2007, 9.3 per cent in 2008 and 8.4 per cent in 2009.
In the second quarter of 2005 there was $ 617 billion in outstanding residential mortgage credit in Canada.
Total residential mortgage credit grew just 0.3 percent on average over the last three months, the slowest since 2001, Bank of Canada data show.
Total residential mortgage credit grew just 0.3 per cent on average over the last three months, the slowest since 2001, Bank of Canada data show.
Congress first states that the effort to reform residential mortgage credit practices and protections should include meaningful structural reforms of the
Congress first states that the effort to reform residential mortgage credit practices and protections should include meaningful structural reforms of the Federal National Mortgage Association («Fannie Mae») and the Federal Home Loan Mortgage Corporation («Freddie Mac»).
(Residential mortgage credit reliably accounts for about two - thirds of total household debt; the rest is composed of lines of credit, credit card and other consumer debt instruments.)
CMHC insures nearly 50 per cent of the whopping $ 1.1 trillion in residential mortgage credit currently outstanding in Canada.
The CMHC currently insures nearly 50 percent of the $ 1.1 trillion worth of residential mortgage credit now outstanding in Canada.
Growth of residential mortgage credit continues to accelerate — during the past two years, it expanded by an average of $ 77 billion per year, or 11.4 per cent per year.
Residential Mortgage Credit Reports (RMCR)-- Includes trade line updates, employment verifications, rental verifications and borrower interviews.
-- As of August 2010, there was $ 1.01 trillion in outstanding residential mortgage credit in Canada, an increase of 7.6 per cent from last year.
Based on current housing market forecasts, CAAMP says the outstanding volume of residential mortgage credit is forecast to expand by close to $ 70 billion in both 2009 and 2010, growing at a rate of 7.6 per cent in 2009 and seven per cent in 2010, although the growth rate has decreased from 10.4 per cent in 2008.
Mortgage lenders pull one of each and compile the reports in a document called a Residential Mortgage Credit Report.
Plus, Fannie Mae and Freddie Mac, the government - sponsored companies that drive the residential mortgage credit market, have 3 % down payments on home loans.
If your credit history is complicated, or if a lender has questions about your employment, legal history or credit history, they may request an investigation report called a residential mortgage credit report.
The residential mortgage credit report must also include any legal records, including any judgments, foreclosures, tax liens or bankruptcies within the past seven years.
A residential mortgage credit report details your credit, employment and legal history, as well as your residency, to make sure that they are compliant with the guidelines set by Freddie Mac, Fannie Mae, the Federal Housing Administration and the Veteran's Association.
Mortgage lenders pull one of each and compile the reports in a document called a Residential Mortgage Credit Report.
During the past 15 years, residential mortgage credit has expanded at a rate of 6.4 per cent, which is slightly faster than the growth rate of total household and business credit (5.8 per cent), CIMBL says.
Plus, Fannie Mae and Freddie Mac, the government - sponsored companies that drive the residential mortgage credit market, have announced 3 % down payments on home loans.