General
CMT Teams with CAAMP
Over seven years ago my wife and I started this site. We had no idea where it would go, or if anyone would even read
Happy Holidays!
From our CMT family to yours, have a wonderful memorable holiday with family and friends. The mortgage industry remains closed until Friday.
Hawkish
Definition: Hawkish describes a stance or outlook on economic policy, particularly in relation to interest rates, that favours tighter or more restrictive measures to control
Underwriting
Definition:Underwriting is the process by which a financial institution or lender evaluates the risk of insuring or lending money to an individual, business, or entity.
Rate Bias
Definition:Rate bias refers to the practice where lenders, financial institutions, or other entities apply different interest rates or loan terms to borrowers based on certain
Equity (for Mortgages)
Definition: In the context of mortgages, equity represents the portion of a property’s value that the homeowner actually owns, as opposed to what is still
Variable rate mortgage (VRM)
Definition:A variable rate mortgage (VRM) is a type of home loan where the interest rate fluctuates over time, typically in line with a benchmark interest
Q4 2012 Market Share: Broker Lenders
The fourth quarter of 2012 brought substantial market share changes among the top 10 mortgage broker lenders. Scotiabank and First National, in particular, posted notable market
Readvanceable Mortgage
A readvanceable mortgage lets you reborrow the principal you pay off each month. A readvanceable mortgage has two parts: 1. A “mortgage” portion 2. A