Last week, we heard some potentially good news for Canadian consumers. Federal Finance Minister, Joe Oliver, announced Banks would have to provide consumers more disclosure on certain products, including collateral … Continue Reading More disclosure.. but still no standardization of Mortgage Penalties.
Almost 4 years ago, I reported that TD was about to make one of the biggest changes in mortgage history. They were about to register all their mortgages as … Continue Reading Federal govt finally takes action on Collateral mortgages.
Saw this article today about higher consumer debt levels BUT lower defaults. Equifax Canada is quoted as saying that consumer debt rose by 7.2% in the second quarter 2014 … Continue Reading News stats..Higher debt, but lower defaults