Canadian housing starts rose on a seasonally adjusted basis to 218,500 in March from 217,800 in February, according to Canada Mortgage and Housing Corp."The high level of starts in March indicates that demand for new housing remains strong, supported by low mortgage rates and high levels of employment," said Bob Dugan, chief economist at CMHC. "Housing starts were lower than they were a year earlier, suggesting that activity in the housing market is slowing from its peak level set in 2004." CMHC can be found on the Internet at http://www.cmhc.-schl.gc.ca.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
36m ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
1h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25