Canada Housing Trust, the financing arm of the nation’s housing agency, may sell about 15% less debt this year as higher interest rates and sales taxes slow the rate of mortgage purchases. The Housing Trust has issued C$13.9bn (US$13.1bn) so far this year in 5-year, 10-year and floating-rate notes, according to estimates by Canada Mortgage and Housing Corp. (CMHC).
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While many homebuilders, such as D.R. Horton and Tri Pointe Homes, significantly reduced the number of new home starts over the last quarter amid sluggish homebuyer demand, Smith Douglas Homes Corp. is taking a different approach, akin to that of Lennar. Pace over price. The builder’s strategy reflects a commitment to affordability and serving the […]
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HousingWire on Tuesday announced the launch of the HousingWire Mortgage Rankings, a new performance intelligence product designed to provide a clear, data-driven view of mortgage origination activity across the U.S. The rankings benchmark mortgage originators based on observed production, offering a standardized view of performance across geographies, loan types and channels. Historically, the mortgage industry has lacked […]