Canadian Banks | Forums | Terms of Use

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.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Real Estate and Mortgages

Reply
 
Thread Tools Display Modes
  #1  
Old 12-15-2008, 02:54 PM
ggonzo ggonzo is offline
Junior Member
 
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
Reply With Quote
  #2  
Old 12-16-2008, 04:44 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default

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
Reply With Quote
  #3  
Old 12-18-2008, 02:10 PM
Jason Jason is offline
Member
 
Join Date: Jul 2008
Posts: 64
Default

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.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 05:34 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.