$600,000 Affordable Housing Project for North Battleford

August 21, 2007

NORTH BATTLEFORD, Saskatchewan, August 21, 2007 — Eight North Battleford families will have access to quality, affordable rental housing with the announcement today of a $600,000 project under the Centenary Affordable Housing Program (CAHP).

ANZ faces price-fixing probe (FT.com)

August 21, 2007


FT.com - Australia's competition watchdog has launched legal action against ANZ over an alleged price-fixing agreement between the bank and one of its mortgage brokers.

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PMI - Pay it Forward With LPMI

August 21, 2007

Avoid paying PMI. Opt for lender-paid mortgage insurance (LPMI).

Canada and Quebec Sign a Two-Year, $58 Million Agreement

August 21, 2007

MONTRÉAL, Quebec, August 21, 2007 — The Honourable Michael Fortier, Minister of Public Works and Government Services, on behalf of the Honourable Monte Solberg, Minister of Human Resources and Social Development, and Minister responsible for Canada Mortgage and Housing Corporation, and Nathalie Normandeau, Deputy Premier and Minister of Municipal Affairs and Regions, today announced …

$2.8 Million Affordable Housing Project for North Battleford Youth and Families

August 21, 2007

NORTH BATTLEFORD, Saskatchewan, August 21, 2007 — The City of North Battleford today celebrated the opening of a $2.8 million affordable rental housing project for low-income families and vulnerable youth an initiative of the Centenary Affordable Housing Program (CAHP).
“Canada’s New Government is committed to making affordable housing available in Saskatchewan and across …

Homeowners Insurance Industry Roasted By PBS, Bloomberg

August 21, 2007

PBS interviewed homeowners who said that their coverage had been
switched by their company from “full replacement
to “extended replacement” coverage before the fire. When
they questioned their agents they were told that extended replacement was
much better than full replacement “yet, once claims were submitted, they
were offered settlements that came nowhere near covering their rebuilding
costs.”

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Understanding your insurance needs

August 21, 2007


Part 8 of the yearlong Financial Literacy series looks at the risk-management tool that helps keep your personal finances in balance when disaster strikes.

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The causes and consequences of household debt

August 21, 2007

An interesting article here from the Federal Reserve. Well worth a read - especially given all the turmoil that has been happening with mortgage prices and stocks over the last few months. Key excerpts from the conclusion of the article follow:

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