Canada’s finance minister on Thursday expressed concern over banks loosening lending standards for mortgages after the country’s independent banking regulator raised a red flag over the issue.

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Canada's FM 'concerned' about mortgages

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Inspired by a personal experience, a businessman became an unlikely sleuth into the practices of the mortgage industry, including Fannie Mae — and his findings have been prescient.

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Mortgage Tornado Warning, Unheeded

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Mortgage rates hit record lows this week, after growth in the economy fell short of expectations, Freddie Mac’s chief economist said on Thursday.

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Mortgages: Mortgage rates fall once more to record lows

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– The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed “faulty” documents with local governments in a rush to process mortgages and foreclosures. Nationwide Title Clearing Inc was a “key contributor” to the mortgage crisis by “undermining the integrity and accuracy of the mortgage servicing and foreclosure process,” Attorney General Lisa Madigan …

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Illinois accuses mortgage firm of robosigning

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LONDON, UNITED KINGDOM– – In 2012, prospective creditworthy home buyers looking to get their foot on the property ladder will be offered assistance in first time buying without having to raise a hefty …

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Local Homebuyers Boosted by New 95% Mortgages

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SHERMAN OAKS, Calif., Jan.

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Prospect Mortgage Announces Inaugural Rookie Loan Officer Training Program

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Business expenditure in Canada largely depends on business credit cards, that are provided to the specific employees to perform day to day business operations. This helps to avoid mixing personal and professional expenditure.

Though, it is not necessary to have a business credit card, it does help out a great deal, because personal expenses should never be mixed with business expenses and vice versa. With business credit cards help you most when you need to spend on items for the business, or when you need to invest in a particular venture. When you use Canadian business credit cards, you can avail a number of free offers such as airline tickets and the very popular cash back bonuses.

Having said this, it’s not a very easy task to get a business credit card in Canada, especially if you just have established a small organization. These credit cards are very easy to obtain only if you have a large organization running, otherwise for small businesses, the cards are initially taken along with your personal credit card. This means that until the business card is not reported or filed with a major business credit database, credit card companies will bill the business credit on to your personal credit.

For people who do not have a strong personal capital, this merging of cards could mean a disaster if the business goes through a financial crash. The loss faced by the business will have to be compensated by your personal credit. Now if you don’t have a good personal credit, you could get in a serious crisis, where you would lose business as well as a good credit score.

Secondly, if somehow your business suffers from debt, then that will reflect on your personal card, and you would eventually have a high amount of debt written on your personal credit card report. This could harm your financial reputation, and would make it even more difficult to obtain any further loans.

Even though a business credit card is meant to be used for the organization, it is signed by one single person who will be held liable for any issues with the card. In case the business credit card suffers, the person who signed the application will have to pay back the liability. If you do face such a situation, then the help of an attorney would be immediately required.

People using personal credit cards in Canada have the flexibility of getting help from the company when they give a “claim” for any defective product bought under the card. However, when business credit cards are put in use, then the credit company does not come in for any claims made. This is because the business credit card is not used by a single individual; rather it’s of an enterprise.

Though, Canada’s business credit cards could offer you good cash rewards for your business, it is suggested that you get one only when your business is strong enough. If your business is a small startup, it would be very difficult to get a fully functional business credit card.

Credit Cards in Canada is a resource for finding the best credit card for you.

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Another sign of mortgage processing gone haywire in the boom, says Reuters: Banks keep billing for paid-off home loans.

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Attack of zombie mortgages

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These are mortgage foreclosures filed with the civil division of the Circuit Court in September. Names in bold are the subject of or have an interest in the foreclosure action

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Mortgage Foreclosures

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More and more, homeowners say that mortgages they thought were dead and buried are springing back to life, sometimes haunting them all the way into foreclosure.

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Old mortgages rise from dead, haunt homeowners

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