TEXT-Fitch: Canadian banks' residential mortgage exposure manageable - Reuters

TEXT-Fitch: Canadian banks' residential mortgage exposure manageable Reuters 31, 2012, the six largest Canadian banks (The Big Six) had $912 billion of exposure to the domestic residential mortgage market through residential mortgages ($730 billion) and home equity lines of credit (HELOC, $182 billion). and more »

Banks Not Immune to Housing-Related Failures: Corporate Canada - Bloomberg

Banks Not Immune to Housing-Related Failures: Corporate Canada Bloomberg Ottawa-based OSFI suggested requiring lenders to take “reasonable steps” to verify borrower incomes, establish standards for measuring borrowers' ability to pay their debts, and limit the size of loans secured by the equity in people's homes. OSFI Official Defends its Mortgage GuidelinesCanadian Mortgage Trends all 4 news articles »

First-time homebuyers more likely to be female - The Province

First-time homebuyers more likely to be female The Province "We are seeing more single women entering into the housing market, as income levels, changing demographics and lifestyle patterns shift purchasing habits," said Marcia Moffat, head of home equity financing for RBC, in a release. and more »

Bank of Canada says can act to protect stability - Reuters

Bank of Canada says can act to protect stability Reuters "Home equity loans (are) good, but for some, potentially a little risky," he said in response to a question from the audience. Overall though, Murray said Canada was on a stronger footing than many other countries. "We already have a fair degree of ... and more »

Canadians' Debt Appetite Wanes, Two Bank Reports Show - Wall Street Journal

Canadians' Debt Appetite Wanes, Two Bank Reports Show Wall Street Journal Consumer credit - unsecured lines of credit, personal loans, credit cards and home equity lines of credit - in March rose just 2.3% year-over-year, the slowest pace since the early 1990s, while the mortgage market is also showing some early signs of ... and more »