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RBC seeks to join Canada mortgage-bond fray on nonprime deal

RBC seeks to Join Canada mortgage-bond fray. Royal Bank of Canada is the latest Canadian firm to explore a sale of bonds backed by uninsured residential mortgages.The bank is testing investor interest in a deal that would bundle mortgage loans to borrowers with credit ratings just below prime, known as "alt-A" mortgages, according to Tim Wilson, chief financial officer of Equitable Group Inc.

Mortgage Backed Securities Are Now In Canada. And secondly, a major Canadian bank has announced they are bringing MBSs to the Canadian market. Bank of Montreal is bundling nearly $2 billion of prime Canadian mortgages into securities, in a first-of-its-kind deal as the government looks to reduce support for the fast-growing housing sector.

Good/Bad Housing Markets In 2014 May Be a Surprise Eric Weisbrot

The Royal Bank of Canada is taking a page from auto dealers by offering "employee pricing" to home buyers, reports The Financial Post. The same interest rate offered to RBC employees is being given to customers seeking new and "switch-in" mortgages across Canada.

CIBC World Markets has identified another area of concern for the Canadian housing market in its latest report: the non- or less-regulated lenders offering home loans to consumers. The CIBC study said these risky lenders occupy 5% of the country’s mortgage market. "The risk we are facing today is.

rose purchase shift Fraud loans risk wholesale market. – The SIFMA guidelines allow.RBC Seeks to Join Canada Mortgage-Bond Fray on Nonprime Deal. – Bloomberg. The RBC deal would be sponsored by steel curtain capital group llc and Ashley Park Financial Services. It may also include mortgage loans from Home Capital Group Inc., according to people familiar with the matter.

Wow. RBC isn’t wasting any time following today’s bond market rout. It just announced a variety of fixed-rate increases: Press ReleaseAmong other increases, four and five-year fixed rates are up 0.35%, effective tomorrow.Other banks should follow soon.RBC’s new trend-setting 5-year fixed "special offer" rate is now 4.54%.

Inventory keeps contracting as higher rates deter sellers: Redfin

RBC seeks to join Canada mortgage-bond fray on nonprime deal Royal Bank of Canada is the latest Canadian firm to explore a sale of bonds backed by uninsured residential mortgages. secondary market april 20, 2017

Home Capital Group Inc. is adding a former Royal Bank of Canada executive to its board of directors, replacing company founder gerald Soloway. Alternative lender’s troubles precipitate TSX drops. Concerns about Canadian housing sector’s stability mount. RBC seeks to join Canada mortgage-bond fray on nonprime deal