Mortgage Defaults

• Are rising debt and defaults a warning sign of a looming economic crisis?

  Some subprime lenders appear to be facing strain as debt levels and the rate of borrower defaults start to rise in Canada and the U.S.

  Economy

  6 hours
  
• Canadians deferred $1B worth of mortgages each month amid coronavirus: CMHC

  Canada's housing agency is expecting an increase in mortgage delinquencies as deferral programs end this fall.

  Money

  Sep 10, 2020
  
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• Lender risk sharing could exacerbate a Canadian housing downturn: report

  The draft report was prepared within the first several months of Trudeau's cabinet being sworn in.

  Canada

  Jul 28, 2017
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• Ottawa has no future plans to help cool Canada’s housing market, Bill Morneau says

  Earlier this month, the government tightened mortgage rules and closed a loophole on home sales, the second time it has acted in the last year to cool a market that some fear has become too hot.

  Consumer

  Oct 28, 2016
• Ottawa looks to shift some mortgage loan default risks from taxpayers to banks

  The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.

  Consumer

  Oct 21, 2016