Canadian Mortgage News

The Latest News and Developments For
Mortgages in Canada

Home Mortgage's Latest Breaking News

• Mortgages offers in the Bay Area San Francisco Chronicle - Mar 07 12:18 AM A snapshot of what lenders serving the Bay Area are offering. BankCity30-year fixed (%)5/1 ARM (%)Embarcadero Credit UnionSan Francisco55Provident Credit UnionBelmont5.125N/ASan Francisco Credit UnionSan Francisco4.54East West BankSan Francisco56.5Hanmi...
  
  
• MORTGAGES / Mortgage rates fall below 5 % San Francisco Chronicle - Mar 07 12:18 AM Mortgages rates have dipped below 5 percent again, four weeks before a government program helping keep rates low is scheduled to run out. The average rate on a 30-year fixed rate mortgage was 4.97 percent last week, down from 5.05 percent a week earlier,...
  
  
• Merkel offers no aid to Greece; Frank wants banks to drop 'piggyback' mortgages Washington Post - Mar 05 9:00 PM German Chancellor Angela Merkel avoided giving debt-plagued Greece a commitment of financial assistance Friday, as Athens was rattled by more strikes and violent protests by unions outraged by harsh economic austerity measures.
  
  
• FDIC sells $1.81 billion of notes backed by mortgages Denver Post - Mar 06 12:09 AM The Federal Deposit Insurance Corp. sold $1.81 billion of debt backed by mortgage securities, as it seeks to raise cash after the worst financial crisis since the Great Depression.
  
  
• Fannie, Freddie Ask Banks to Eat Soured Mortgages (Update2) Bloomberg - Mar 05 12:22 PM Thats the estimate of Oppenheimer & Co. analyst Chris Kotowski , who says U.S. banks could suffer losses of $7 billion this year when those loans are returned and get marked down to their true value.
  
  

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