TSX:MIC.PR.A - Post by User
Comment by
shawshank2on Jul 06, 2020 6:07pm
258 Views
Post# 31231056
RE:RE:Market is slow
RE:RE:Market is slowargon12 wrote: Would anyone know what an acceptable default rate on this type of business?
I guess the biggest concern is once the govt cheque's end in fall, what will the state of economy be in.
I was surprised by the high request from consumers asking for mortgage deferrals. I believe the CEO. Of Brookfield said that things will get cheaper in 3 months and then even cheaper in 6 months. I think he was referring to buying businesses but I think it really applies to real estate as well.
If you closely review the jobless claims in canada the majority are from non mortgageable professions mainly service industry etc. Management has been able to be selective on their clients for many years a curb high risk accounts. As well cmhc new rules will allow for a great increase in business as i feel many mortgage professionals will shun cmhc and rightly sl