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  1. "With the labour market so weak and inflation absent, look for bond yields to fall," says Odlum Brown. http://bit.ly/MnTXD
  2. AIG United Guaranty says 10% of Canadian mortgage apps contain some kind of fraud, resulting in $1.5B in annual losses. http://bit.ly/3WBgR4
  3. Todays employment report was feeble. Scotia sees the BoC remaining "on hold for longer than their current June 2010 conditional commitment."
  4. "There's no way that a bank is going to tell you to consult a mortgage broker before accepting (its) interest rate." - Rob Carrick, Globe
  5. Canada's Competition Bureau has reportedly asked CREA to "voluntarily" permit lower Realtor fees to foster competition. http://bit.ly/1BPkuG
  6. The FOMC left rates unchanged today, saying the economy & inflation will stay weak and U.S. rates will remain low for an "extended period."
  7. CMP says subprime lender, VFC Home, is coming into the TD fold. VFC will be renamed TD Financing Services on Nov. 16. http://bit.ly/3bKjCq
  8. Market share among non-bank lenders in Australia is down to 5%--from 30% pre-crisis. With less competition, broker compensation is down 40%.
  9. 5-year fixed spreads recently got as low as 1.09% above the bond--tighter than ever. Rate deals may slow for now as bank year-ends approach.
  10. Profit rose 33% at First National vs Q3 08 but originations fell 6%. That might improve if FNs rates/products were as amazing as its service
  11. Mark Carney hypothesizes about new regulations to curb house prices, but says he won't raise rates to do so. http://bit.ly/2jFBt3
  12. Gloom still hangs above the US housing market: http://bit.ly/1IZOrP (Our thanks to Merix for the link)
  13. TD's brought pre-approvals back to the broker channel. (Purchases only.)
  14. Defaulting on a mortgage is not a good option. "Try getting another mortgage with an outstanding judgement," says FP. http://bit.ly/2N9GWD
  15. Peoples Trust's Secured MasterCard is helpful for rebuilding credit, says CMP: http://bit.ly/1iQPpH. Here are the fees: http://bit.ly/4tAG37
  16. Daniel Reeve (formerly of the "Millionaire Mortgage") just doesn't give up. Hopefully they shut this guy down for good. http://bit.ly/3tiF1R
  17. How to turn around your credit rating. Globe article: http://bit.ly/1Z2V8U
  18. BMO: "Rates are only going to move higher from here as the economy recovers." But expect ups and downs along the way. http://bit.ly/vcG7w
  19. Today's BoC Policy Report remained dovish. Action Economics says it hints at a slow rise in rates in 2010's 2nd half. http://bit.ly/43uohy
  20. DUCA's secured PrimeLine (LOC) is now at prime (2.25%). GTA deals only.