Canada's seasonally adjusted annual rate of housing starts jumped to 223,200 units in October from 209,000 units in September, according to Canada Mortgage and Housing Corp."Despite the increase in October, the pace of housing starts has been slower since August compared to the first half of 2006," said Bob Dugan, chief economist at CMHC. "This is consistent with our view that residential construction will decrease gradually between now and the end of 2007." The corporation can be found on the Web at http://www.cmhc.ca.
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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 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25