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We have assembled a collection of thought provoking articles, reports, surveys, industry information, and other interesting content for your enjoyment.



2016 Federal Budget: The Financial Sector Section

by Yvonne von Jena | March 24, 2016

For those in the financial sector, one of the most worthwhile sections of the 2016 Federal Budget to read is one of the last sections. It's entitled “Strengthening the Financial Sector to Support Economic Growth” and here are some key excerpts.

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The U.S. Fed's 2016 Supervisory Scenarios

by Yvonne von Jena | March 18, 2016

For good insights into the expectations for the U.S. economy, it is worth looking at the US Federal Reserve’s 2016 Supervisory Scenarios Supervisory Scenarios for its Comprehensive Capital Analysis and Review (CCAR) requirements document. The document also provides good insights into the testing used by the Fed to assess whether the largest bank holding companies operating in the U.S. have sufficient capital to continue operations throughout times of economic and financial stress.

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Regulatory-Related Costs Expected to Increase for Mortgage Lenders

by Yvonne von Jena | March 18, 2016

Federally regulated mortgage lenders are going to continue to feel pressure on their margins this year from likely regulatory changes that see lenders paying a deductibles on mortgage insurance, higher securitization fees and increased capital requirements.

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High Household Debt: Concentration and Implications on House Prices, the Financial System and Economy

by Yvonne von Jena | March 15, 2016

Taken together, a report by the Parliamentary Budget Officer and a presentation by the Deputy Governor of the Bank of Canada provide a good overview of household debt, concentrations of household vulnerability and the implications that they have on house prices, the financial system and our economy.

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Mortgage Complaints Received by the Ombudsman for Banking Services and Investments

by Yvonne von Jena | March 14, 2016

The Ombudsman for Banking Services and Investments (the Ombudsman) has released its 2015 Annual Report, and this provides good insight into the types of mortgage complaints that are common in the industry.

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[Equifax] Delinquencies Increased by 25% in Alberta and 14% in Saskatchewan

by Yvonne von Jena | March 11, 2016

Equifax’s Q4 2015 Report on Canadian Consumer Credit Trends provides insights into the significant regional differences between delinquency rates across the country. Nationally, the delinquency rate is at its lowest level in seven years. However, delinquency rates grew by 21.3% in Edmonton, 20.5% in St. John’s and 17% in Calgary while they fell by 7% in Toronto and Vancouver.

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The U.S. Fed Reserve Wants Banks to Stress Test How They Would Handle Negative Rates

by Yvonne von Jena | March 10, 2016

The Federal Reserve started raising official interest rates in December but in the stress tests that large U.S. banks have to undergo, the central bank is hypothesizing that short-term Treasury yields could drop below zero. Though negative U.S. interest rates are for now only in the Fed's worst-case scenario, they are becoming a plausible downturn assumption.

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The Online Mortgage Has Arrived in the U.S.

by Yvonne von Jena | March 9, 2016

According to the Wall Street Journal, more U.S. mortgage lenders are offering digital portals in which home buyers can apply for a loan, submit documentation and track the approval progress online. And the lenders that are creating these one-stop tracking applications run the gamut from online-only SoFi to Wells Fargo, the nation’s largest jumbo lender.

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[Torys] Canada's New Rules on Financing of Insured Mortgages

by Yvonne von Jena | March 9, 2016

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[Equifax] Canadian Millennials Most Likely Targets for Fraud

by Yvonne von Jena | March 8, 2016

A recent study from Equifax Canada provides interesting insights into the amount of fraud in Canada and what demographic segments are most targeted.

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