Canada’s in Denial About Its Own Sub-prime Bomb (And When Will It Go ‘Boom’?)

Posted: April 30, 2008 in Your Shelter
Tags: , , , , ,

” [Letter from a Canadian mortgage broker of 18 years] … guess what, over 85% of my applications since January of this year would fall in these categories [mortgages of very questionable creditworthiness]. All of these clients could find themselves supplementing their monthly expenses with credit cards and or credit lines. “
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s