Posts Tagged ‘credit’

500,000 Canadians 90 Days Behind on Credit Payments, Delinquency Rate Hits 1.52%; US Delinquency Rate is 1.32%

July 7, 2009admin Comments Off

Those who think Canada is immune from credit problems need to think again. Over 500,000 Canadians are at least 90 days behind on credit payments. Please consider how Debt is tripping up Canadians.
More than half a million Canadians have fallen behind on their various credit payments, fuelling a 19 per cent [...]

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Canadian Funding Corp Announces 3 More Auctions In Mortgage-Buying Program

June 30, 2009admin Comments Off

Canada Mortgage and Housing Corp. will buy more mortgage-backed securities from financial institutions on July 15, Aug. 24 and Sept. 21 as part of a Canadian government program to ease credit conditions.
Canada’s housing agency said Thursday that, of the C$125 billion in purchases authorized by Canada’s minister of finance, C$58.8 billion have been completed to [...]

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Dealing with Fraud in Real Estate Purchase in Alberta

June 16, 2009admin Comments Off

The Real Estate Council of Alberta has resolved to take the issue of fraud very seriously. It is a fact that of late many Alberta residents have been victimized by mortgage fraud upon being lured by promises of big returns. There have also been cases where some person has quite unknowingly allowed a fraudulent act [...]

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