Canadians rack up non-mortgage debt amid rising delinquency rates in Q2: Equifax

Canadians rack up non-mortgage debt amid rising delinquency rates in Q2: Equifax

The growth of Canadian consumer debt eased in the second quarter as the Bank of Canada held interest rates and the cost of long-term mortgages
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Homebuilder sentiment surges to highest level of the year, but there are warning signs

Sentiment sank to a recent low of 56 in December, when mortgage interest rates spiked. Anything above 50 on the index is considered positive.
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Are Mortgage Points Right For You?

Within this post, we'll discuss mortgage points – also referred to as discount points or simply points – and how to make comparisons when shopping
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Has Bernie Sanders ever been inside a post office before? Criticizing Bernie's Postal Banking Act

Senator Bernie Sanders' idea to increase the responsibilities of the glorious post office by making it into a bank has been gaining traction recently.
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European banking watchdog's switch to lobby group angers MEPs

A lobby group for the financial sector in Europe has named a senior official from an EU banking watchdog as its chief executive, prompting uproar from
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Although the average sale price in June was up 3.3% year-over-year, the typical mortgage …

The typical mortgage payment had increased annually every month for the past three years, it had its first decline in May, when it fell around 3%.
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Bay Area mortgage firm expands to open Reno office

RENO, Nev. — Bay Area-based lending and mortgage firm Bay Equity Home Loans has expanded to open a branch at 200 S. Virginia St. in downtown
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Here's why the Fed is relentlessly pushing rates lower – and how it affects you

He knows about mortgage borrowing. Like any other mortgage borrower, he knows that lower rates increase affordability and potential profits.
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Top EU Banking Regulator Moves to Lobbying, Sparking Criticism

One of Europe's most senior banking regulators is switching sides to represent the region's biggest lenders on policy issues, drawing criticism from
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Mortgage rates today, September 18, 2019, plus lock recommendations

Average mortgage rates dipped a little yesterday, as we predicted. It was a glimmer in a sea of gloom. Those rates have fallen only twice since Sept.
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Mobile Banking Users Want More Control — But At What Cost?

Mobile banking apps have already enjoyed mass adoption, but what are consumers using them for? And, perhaps more importantly, what do they
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European banking lobby faces backlash over hiring regulator as CEO

LONDON (Reuters) – The move by a European banking lobby to appoint one of the sector's regulators as its new boss faced criticism on Tuesday, with
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Open banking could be the late payment solution for businesses

The average small business spends £90,000 a year chasing overdue payments in lost time and manpower. And the late payment problem is getting
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Which Swiss Bank Is In Better Shape: UBS or Credit Suisse?

UBS and Credit Suisse are the two largest Swiss banks. After the economic downturn, the banks decided to cut back their investment banking activity
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Customers Bank Now Offers Banking Services to Hemp Permit Holders in Pennsylvania and New …

WYOMISSING, Pa.–(BUSINESS WIRE)–. Customers Bank, a leading super-community bank with operations in Pennsylvania, District of Columbia,
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HSBC's new mortgage rules make it easier for zero-hours contract workers to get on the housing …

HSBC is making it easier for zero-hours contract workers to get a mortgage by reducing the amount of paperwork needed to prove their earnings.
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Lilly Singh's Unusual Backstory; How To Sell Stocks And Pay Off Your Mortgage

Selling stocks to pay off a mortgage is a clever move, not just because securities are richly priced. Mortgages, even though rates are at near-record
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Privatize Fannie Mae and Freddie Mac? Not prudent

Fannie Mae and Freddie Mac had to be bailed out by the federal government … Now, President Donald Trump's administration wants Freddie Mac and
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Trulioo Information Services raises $70-million from global banking giants

A Vancouver company that helps corporations verify the identities of customers over the internet has raised $70-million from some of the world's
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US banking regulator proposes easing post-crisis derivatives rules for big banks

WASHINGTON (Reuters) – A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside
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