The Canadian Housing Boom Fueled by China’s Billionaires

Re:The Canadian Housing Boom Fueled by China’s Billionaires by 49para on Wednesday August 03, 2016 @12:01PM (#12218911)

So $26B in holdings to insure $1.372T in outstanding mortgages, that seem pretty low but since the taxpayers will cover the rest, I guess it's fine to continue handing out subprime mortgages.

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Re:The Canadian Housing Boom Fueled by China’s Billionaires by acveilleux on Wednesday August 03, 2016 @01:05PM (#12219525)

They don't insure the value of the mortgage, they insure the shortfall between what the lender recoup in foreclosure vs. the outstanding loan balance.

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Re:The Canadian Housing Boom Fueled by China’s Billionaires by mrtron on Wednesday August 03, 2016 @01:27PM (#12219755)

I havent looked in detail lately - but I believe they issue bonds and the bond holders would be covering the impact of a market crash.

You would prefer if there was not such an insurance system required for home owners putting less than 20% down?

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Re:The Canadian Housing Boom Fueled by China’s Billionaires by skylan_q on Wednesday August 03, 2016 @01:38PM (#12219871)

You would prefer if there was not such an insurance system required for home owners putting less than 20% down?

I know I would. It would be like the 90's again where banks had to only loan out to people who they thought wouldn't default.

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