Zero-Down Mortgages Stoke U.S. Subprime-Like Fears in Canada.

CANADA; FINLAND

Canada may still have a raft of regulations that prevents the riskiest of applicants -- those who fell into the subprime category in the U.S. in the aughts -- from ever getting a mortgage, but many of those who are approved for loans today are taking on debt loads that were once unthinkable. Keywords: 7533764ZCN; BMO@CN; ALLTOP; ASIA; BNK; BON; BUSINESS; CANADA; CATOP; COS; FIN; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; TOP; WORLD; WWTOP; WWTOPAM EN 7533764ZCN BMO@CN ALLTOP ASIA BNK BON BUSINESS CANADA CATOP COS FIN GOV INDUSTRIES MARKETS NORTHAM REL TOP WORLD WWTOP WWTOPAM They're the kind of exotic mortgages that one typically associates with the reckless, go-go housing market that gripped the U.S., circa 2005: Put down 5% cash and get 3% back; or, wilder yet, put down nothing at all. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)