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Oldest bank theft ring suspect is 83  An 83-year-old Vancouver man is among eight suspects facing charges in an alleged high-risk bank-theft ring, along with a 38-year-old Edmonton man.Commentread more...


HSBC sells part of Aust. mortgage book to FirstMac (Reuters Finance News, Australia via Yahoo!7 Finance)  HONG KONG, Dec 15 (Reuters) - Global bank HSBC Holdings HSBA.L0005.HK said on Friday that it has agreed to sell its broker-originated residential mortgage book in Australia to mortgage lender


Mortgage rates down again; could dip more  Rates on 30-year mortgages declined for a third consecutive week as bond investors worried that Hurricane Katrina and soaring energy prices will slow the economy.read more...


Should man prepay mortgage, or car loan?  Deciding which of two loans to pay down first is tricky business, says Dr. Don Taylor.read more...


It's Complicated, but PAD Can Gain Big Deductions  Your business may be able to take a substantial deduction from its income without spending any money. The Production Activities Deduction (PAD) allows a business to deduct as an "expense"


Central Oregon growth could level off, economist said (Reg Req'd)  Central Oregon's economy, the hottest in the state in recent years, will continue to expand in the next decade, according to Oregon's chief economist.read more...

April 30th, 2008

Carney warns about loosening mortgage standards (CTV.ca)

Bank of Canada governor Mark Carney is concerned about the loosening standards in the Canadian mortgage system, particularly the growing popularity of mortgages amortized over a 40-year period.

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