American politicians didn't take budget stewardship seriously enough. This is what happens. A second Big 3 credit rating agency, Fitch, has chopped U.S. sovereign debt to AA+ from AAA. The firm cites runaway deficits and "expected fiscal deterioration over the next three years" as reasons.

Ontario's mortgage broker regulator (FSRA) feels mortgage shoppers need more protection from bad advice. So it commissioned this survey, which it plans to use when developing new broker guidelines this fall. Mortgage suitability is also on the radar of other provincial regulators. We have comments from some of

As mortgage brokers are painfully aware, the channel's former undisputed #1 lender—Scotiabank—pulled way back from the space last year. Despite mortgages being an anchor product for the bank, it said it needed to reassess its entire approach to real estate secured lending in order to manage

0:00 /1:49 1× So many mortgagors are tapped out. They're imploring the rate gods at 234 Wellington Street for cuts. Much to their irritation, forward pricing in Canada's bond market isn't cooperating. OIS data from Bloomberg now imply: