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Royal Bank of Canada Sued by Rakuten Bank Over CDO Losses (1)

Royal Bank of Canada Sued by Rakuten Bank Over CDO Losses (1)

Royal Bank of Canada, the country's largest lender, and several units were sued by Rakuten Bank Ltd. over claims it marketed and sold unsuitable securities backed by deteriorating mortgage loans that wiped out a $10 million investment. RBC inducedĀ …
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Halifax brokerage lauded

Accolades just keep coming in for Premiere Mortgage Centre Inc. in Halifax. The locally owned and managed mortgage brokerage firm was recently named Mortgage Brokerage of the Year by the national publication Canadian Mortgage Professional. Just lastĀ …
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Lending rules pinch Greater Victoria home construction

Although condominium starts are slightly higher, single-family homes built between January and May slid to 167, a drop of 50, according to data from the Canada Mortgage and Housing Corp. The federal agency said 459 homes, condos and townhouse units …
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