Mortgage Bytes

  • As of the 4th quarter, 19% of Countrywide  Financial’s   subprime borrowers have missed one or more mortgage payments.  Countrywide Financial is America’s biggest mortgage lender.  Source:  Financial Post
  • Quote of the week from the Ottawa Citizen: “The Americanization of the Canadian mortgage market. That’s what’s going on,” says Tony Humble of Northwood Mortgage Limited. “…now you are seeing a flood of American insurers and lenders who are looking at Canada as basically virgin territory.”
  • CMT is proud to participate in the 2nd  Canadian Tour of Personal Finance Blogs hosted by the Money Diva. The event kicks off May 7, 2007.
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