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Article: Canadian Mortgage Market Has Lessons for the U.S.
- Article from:
- National Mortgage News
- Article date:
- April 8, 2002
- Author:
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Canadian mortgage market is relatively much smaller than that of the United States, but the influence it and other international markets could potentially have in the increasingly global real estate finance business make it well worth studying, according to Craig Focardi, senior analyst, consumer credit, at technology and business consultant Tower Group. "Every five or 10 years the top 10 or 20 mortgage lenders or mortgage servicers can change quite dramatically. Names disappear and new names pop up and that will be no different over the next five years. And I think over the next five years we'll see some new international names on that list, as we're already seeing," ...