Dundee Mortgage Rates and Information Online from competing Lenders

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Upcoming Quarters Don't Look Good for CIBC - Dundee Securities - Seekingalpha.com
CIBC was downgraded to a “sell” by Dundee Securities analyst John Aiken after the bank reported its quarterly results Thursday morning. While he does not believe CIBC will need to raise more common equity in the near term, the bank “may not be ...

Canadian Imperial Bank Of Commerce Reports Q4 Profit Drop Due To ... - All Headline News
Toronto, Ontario (AHN) - A 51 percent dip in profit was reported Wednesday by the Canadian Imperial Bank of Commerce for its fourth fiscal quarter due to the U.S. subprime mortgage crisis. The CIBC said its profit was down to $436 million compared to ...

Teenager back on rink and on the brink of skating stardom - Herald
When she crashed her sledge into a tree last January, and ruptured her spleen, Taylor Ronald's parents were distraught at the potentially life-threatening injury. The 13-year-old's sole concern, though, was that she'd miss the British Ice Skating ...

CIBC profit slides by 51% - Toronto Star
Canadian Imperial Bank of Commerce's fourth-quarter profit tumbled by 51 per cent and the bank posted a rare annual loss, as its mounting tally of debt-related writedowns corroded its results. Canada's fifth-largest bank continues to reel from the ...

Single survey concerns - Evening Telegraph
The property market in Scotland underwent a shake-up today with the introduction of single surveys — amid claims they may do more harm than good (writes Stefan Morkis). From today, sellers will have to provide a comprehensive survey of their home ...

Scotiabank Reports Fourth Quarter and Full Year Results - MSN MoneyCentral
Fiscal 2008 highlights (year over year) - Earnings per share (diluted) of $3.05 versus $4.01, includes $0.82 from writedowns - Net income of $3.14 billion, down from $4.05 billion, includes $822 million from writedowns - ROE of 17%, versus 22 ...

Herald group makes journalists redundant - Scotsman
THE Herald and Times newspaper group has made all its journalists and publishing staff redundant and asked them to re-apply for their jobs. The Glasgow-based company, which publishes the Herald, Sunday Herald and Evening Times, told up to 250 staff ...

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Today's Mortgage Terms starting with F

  • Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac): A semi government agency that acquires conventional loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
  • Federal Housing Administration (FHA): A federal agency within the Department of Housing and Urban Development (HUD), which insures residential mortgage loans made by private lenders and sets standards for underwriting mortgage loans.
  • Federal National Mortgage Association (FNMA or Fannie Mae): This agency purchases loans that are underwritten to its specific guidelines. These guidelines are an industry standard for residential conventional lending.
  • FHA Loans: Fixed or adjustable-rate loans that are insured by the U.S. Department of Housing and Urban Development. The purpose of FHA loans is to make housing more affordable, especially for first-time homebuyers.
  • First Mortgage: A mortgage which is in first lien, taking priority over all other liens. In case of a foreclosure, the first mortgage will be repaid before any other mortgages.
  • Fixed Rate Loan: Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.
  • Foreclosure: A legal process in which a mortgaged property may be liquidated to pay off a mortgage loan that is in default.
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