Romspen Stops Redemptions Altogether As Liquidity Problems Mount
Canadian real estate firm Romspen Investment Corp. has frozen redemptions on its largest fund after a number of borrowers ceased
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Mortgage Loans
Romspen Halting Redemptions May Be Sign Of Investor Drawback On Private Mortgage Lending
One of Canada’s biggest private mortgage lenders recently halted redemptions from its flagship real estate fund, signaling what could be
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OSFI On Easing Mortgage Underwriting Standards: “We Will Not Do That”
Amid the calls to loosen mortgage-underwriting standards in Canada, the Office of the Superintendent of Financial Institutions (OSFI) has resolved
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Chinese Mortgage Owners Are Boycotting Payments, Spelling Collapse For Real Estate Lenders
Chinese homebuyers are refusing to pay their mortgages for the increasing number of unfinished projects, stoking fears that it could
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American Consumers Descend Further into Debt
Consumers across America embarked on unprecedented shopping sprees last year, causing total household debt to jump by $1 trillion— the
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US Mortgage Demand Drops 8.1% In A Week: “Biggest Decline In Almost A Year”
It seems rising mortgage rates are starting to take a toll on demand. Mortgage applications in the US were reported
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Equifax Canada: Surge in HELOC Use Could Become Troublesome Should Interest Rates Increase
Historically low interest rates have caused the demand for home ownership to soar to record levels, as work-from-home flexibility sparked
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