About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Sunday, April 30, 2017

BMO to offer mortgage-backed securities

Non-federal-backed residential mortgages worth almost $2 billion are to be offered by Bank of Montreal as mortgage-backed securities, the Globe and Mail reports.

The move could be a “significant” step on the road to an RMBS market for Canada’s banks and non-banks, Moody’s Investors Service told the Globe and Mail.

The mortgages which are being bundled are all prime loans with 95 per cent rated Aaa and BMO will offer to renew the loans at the end of their terms, subject to conditions at the time, to mitigate risk of borrowers being unable to refinance.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)