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Identifying Mortgage Fraud in 1-2-3

It’s hard to be a lender. Lenders, unfortunately, are constantly tested and charged with the task of catching mortgage fraud. Whether you are dealing with the end-customer, real estate sales professional, mortgage broker, builder, etc. the buck stops at you! At the end of the day, it is your institution that stands to lose if fraudulent deals go onto the Continue Reading

Government Crack Down on Shadow Flipping

In hot urban markets like Vancouver and Toronto, shadow flipping, a complicated and shady practice that until recently has been legal in Canada, is becoming more and more commonplace. Because real estate contracts typically include a clause that they are assignable, a contract can be assigned from one party to the next as many times as is desired before a Continue Reading

The Numbers Are In: House Prices Up 0.3% in October

In October, the Teranet–National Bank National Composite House Price Index™ was up 0.3% from the previous month, slightly more than the average October rise of 0.2% since the Index series began in 1999. However, the advance was not very broad-based; prices rose in only six of the 11 metropolitan markets surveyed. Monthly gains exceeded that of the countrywide index in Continue Reading

Protect Yourself: Mortgage Fraud Thriving in Hot Market

We came across a great article in the Globe and Mail about mortgage fraud being on the rise in the thriving hot real estate market – a topic we often blog about – and thought we’d share. We do so because most examples of mortgage fraud are not what you may think they would be – these are not the Continue Reading

Teranet Appoints Director of Business Development – Western Canada

Market Leader in Real Estate Insights Adds Additional Resource in Key Market I am pleased to announce that Derek Tinney has joined Teranet as Director of Business Development. Based in Vancouver, his main focus will be to establish and expand our presence in important western markets. Working closely with government and industry partners, Derek will lead our business development activities related Continue Reading

Collection Problems: Your Underwriting Tools are the Answer

We often write about topics surrounding due diligence and strong underwriting procedure to mitigate bad deals going on the books. But what happens when deals start going bad? What steps can you take to protect your interests? The more you know, the better off you’ll be when it comes to enforcing on your security. Things change and the asset you Continue Reading

In the Know: FCAC Recommendations to Prevent Real Estate Fraud

The Financial Consumer Agency of Canada (FCAC) put up a really great page about real estate fraud prevention. The page provides education about the two types of fraud that most commonly lead consumers (and we would add to that lenders) to financial losses. These types of real estate fraud are Title Fraud and Foreclosure Fraud. Title fraud occurs when a Continue Reading

Home Prices Up 0.8% in September

In September, the Teranet–National Bank National Composite House Price Index™ was up 0.8% from the previous month, the second-largest September rise since the Index series began in 1999. However, the advance was not very broad-based; prices rose in only six of the 11 metropolitan markets surveyed. Moreover, monthly gains exceeded that of the countrywide index in only three markets: Toronto Continue Reading

Canadian Banks Taking on More Risk than U.S. Counterparts

We stumbled upon an article recently in the Huffington Post that we thought was worth blogging about. Often we find ourselves watching interest rates to predict rising mortgage rates, but in this article the writer takes a look at consumer debt and financial health as a reason why banks could raise borrowing costs as they take on more risk. According Continue Reading