Mortgages are loans that buyers take out to raise funds for the purchase of real estate. The collateral for the loan is the property itself.
Conservative mortgage lenders, such as banks and mortgage funds, mainly invest in top-quality first mortgages on commercial, industrial and/or residential properties.
Mortgage investment corporations, or MICs, invest in pools of mortgages and distribute most of their profits to their shareholders. Some MICs yield 6% or 7% or more annually. They sound like conservative investments because they invest in mortgages rather than equity.
However, mortgages vary widely in their investment quality and risk. MICs can earn high profits because they take on riskier mortgages.
Reverse mortgages in Canada let homeowners who are 55 years of age or older borrow on their home equity. Typically, the loan-to-value ratio is up to 40%. But depending on their age and property, some borrowers may qualify for a loan of up to 55% of the value of their home. The loan and accumulated interest are repaid only after the house is sold or from the proceeds of the homeowner’s estate.
One of the biggest reverse mortgage pitfalls is that their immediate appeal can lead real estate owners to not consider all of their lending options available to them. Make sure you look at all other housing or financial options open to you. If none of these are more appealing, only then consider taking out a reverse mortgage.
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It now looks like the U.S. Federal Reserve will cut its benchmark interest rate in the next few months. Lower rates would ease the pressure on borrowers looking to renew mortgages and other loans at these two leading U.S. banks. They will also have to… Read More
POWER CORP., $38.91, is a buy. The conglomerate (Toronto symbol POW; Shares o/s: 600.8 million; Market cap: $25.5 billion; TSINetwork Rating: Above Average; Dividend yield: 5.4%) owns 61.8% of IGM Financial (symbol IGM on Toronto).
IGM has two main businesses: Mackenzie Financial sells funds and ETFs through independent brokers; and… Read More
SPX TECHNOLOGIES INC., $110.37, symbol SPXC on New York, is a North Carolina-based supplier of HVAC (heating, ventilation and air conditioning) solutions such as cooling towers, residential and commercial boilers, and comfort heating products. The company supplies detection and measurement products such as underground locators,… Read More
MAPLE LEAF FOODS INC. $26 is a hold. The company (Toronto symbol MFI; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 122.5 million; Market cap: $3.2 billion; Price-to-sales ratio: 0.7; Dividend yield: 3.2%; TSINetwork Rating: Average; www.mapleleaffoods.com) opened two new processing facilities in 2022: a poultry plant in London,… Read More
In response to rising inflation in the wake of the COVID-19 pandemic, the U.S. Federal Reserve increased its benchmark interest rate from 0.25% in March 2022 to 5.25% in July 2023. The hike has helped cut the inflation rate from 9.1% in June 2022 to… Read More
While higher interest rates are increasing the potential for future loan losses at these two U.S. banks, they are also earnings more on new loans. In fact, both just raised their dividends, which is a sign of confidence.
J.P. MORGAN CHASE & CO. $140 is a.. Read More
Since March 2022, the Bank of Canada has raised its benchmark interest rate 10 times, from just 0.25% to 5.0%. The rapid increase is meant to counter rising inflation in the wake of the COVID-19 pandemic and related supply chain disruptions. So far, the plan… Read More
These two leading U.S. banks recently passed the Federal Reserve’s latest stress test, which measures how financial firms would cope with a jump in unemployment, falling stock prices and other unfavourable developments. As a result, they both raised their dividends. Higher interest rates have also… Read More
Concerned about the vulnerability of U.S. regional banks, some depositors have shifted to the country’s biggest banks, particularly J.P. Morgan and Wells Fargo. Their migration comes despite government actions to calm depositors’ fears. Still, the additional deposits for the big banks are likely to stick… Read More
PROCTER & GAMBLE CO., $156.07, New York symbol PG, is a top pick for 2023.
The company is one of the world’s largest makers of household and personal-care goods. Its major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors), Crest (toothpaste) and Vicks (cold remedies).
Procter will… Read More
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Information from Other Sources: For reasons such as improving personalization of our service (for example, providing better product recommendations or special offers that we think will interest you), we might receive information about you from other sources and add it to our account information. We also sometimes receive updated delivery and address information from our shippers or other sources so that we can correct our records and deliver your next purchase or communication more easily.
We do reserve the right, however, to collect and perform statistical analyses of the internet traffic to our website for our internal use. However, information collected does not allow us to identify any individual, and will not collect any personal information of the visitor. Furthermore, we do not sell, rent or loan to any outside parties the information collected and analyzed.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
Purchases of Merchandise: TSI Network websites may offer individuals the opportunity to purchase branded or other merchandise online. In connection with those purchases, customers may be asked to submit personal information, such as shipping addresses and credit card information, which is required to complete the transaction. TSI Network may also offer a Membership program, through which purchasers of its products may receive discounts on their online purchases. Membership registration may involve the submission of personal information to TSI Network and assignment of a user ID and password.
Agents: We employ other companies and individuals to perform functions on our behalf. Examples include fulfilling orders, delivering packages, sending postal mail and email, removing repetitive information from customer lists, analyzing data, providing marketing assistance, processing credit card payments and providing customer service. They have access to personal information needed to perform their functions, but may not use it for other purposes.
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Except as provided herein, TSI Network will not sell or rent personal information about you to unaffiliated third parties.
We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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TSI Network has procedures in place to keep your personal information accurate, complete and current for the purposes for which it is collected and used. You may review the information that you have provided to us and where appropriate you may request that it be corrected. If you wish to review your personal information please send a request to: service@tsinetwork.ca.
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If you wish to request access to, or correction of, your personal information in our custody or control, or find out how we've used or disclosed that information, please make your request in writing to us. We may need to verify your identity before searching for or providing you with personal information. In some circumstances, we may not be able to provide access to your personal information, for example if it contains the personal information of other persons, if it constitutes confidential commercial information, or if it is protected by solicitor-client privilege. If we deny your request for access to, or refuse a request to correct, your personal information, we will advise you of the reasons for this refusal.
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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