Are Canadian lenders curtailing lending in the wake of big bank writedowns (like CIBC’s)? “The short answer is no,” says Jim Murphy of CAAMP. (Bankrate story)
Quest Capital, who just launched last week, wants “to become Canada’s largest Mortgage Investment Corporation.”
Scotiabank’s mortgage market share increased 0.15% in 2007. They attribute that to “strong growth” in the branch and mortgage broker channels. 0.15% might be the weakest “strong growth” we’ve ever seen.
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