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Loan Modification

: Mortgage Lender Implode-o-Meter

Why Was There No Canadian Housing Bust? The US Fed Says That They Were Probably Just Lucky Except...

By Implode-Explode Heavy Industries

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The Canadian market lacks a counterpart to Freddie Mac and Fannie Mae, both of which played a significant role in the growth of securitization in the U.S. In addition, bank capital regulation in Canada treats off-balance sheet vehicles more strictly than the U.S., and the stricter treatment reduces the incentive for Canadian banks to move mortgage loans to off-balance sheet vehicles. (Another significant oh-by-the-way - Jesse)

Full post as published by Mortgage Lender Implode-o-Meter on January 04, 2010 (boomark / email).

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