|
Welcome to the Canadian Financial Forums forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact contact us. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
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 |
#2
|
|||
|
|||
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 |
#3
|
|||
|
|||
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.
|
Thread Tools | |
Display Modes | |
|
|