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Old 12-15-2008, 02:54 PM
ggonzo ggonzo is offline
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Join Date: Jul 2008
Posts: 29
Default Do the banks hold the mortgages

Do the Canadian Banks sell their mortgages to third companies like in the US - for example - Fanny Mae, Freddie Mac? Do the banks hold the mortgages?
have a good day
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Old 12-16-2008, 04:44 PM
trent trent is offline
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Join Date: Jun 2008
Posts: 387

I believe that Canadian banks hold the majority of the mortgages they originate. However one wonders if this is a good thing for the banks, because with the crashing Canadian real estate market, these mortgages are losing value.
No debt
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Old 12-18-2008, 02:10 PM
Jason Jason is offline
Join Date: Jul 2008
Posts: 64

American lenders rely mainly on securitization, and once packaged the mortgages are sold investors. Canadian banks and mortgage lenders usually hold the mortgages they originate.
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