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LATEST NEWS AND INSIGHTS

Latest economic commentary prepared by Kevin Fettig.

2024-07-31

By Kevin Fettig

Can Mortgage Product Design Help to Address Housing Affordability?

Over the past 50 years, the housing market has introduced various mortgage products to address a range of challenges faced…

 

2024-07-29

By Kevin Fettig

Tiptoeing Close to the Edge

The US Federal Reserve will conclude its fifth Federal Open Market Committee (FOMC) meeting of the year on July 31…

 

2024-07-25

By Kevin Fettig

Why CMHC Should Explore Synthetic Risk Transfer for Mortgage Securitization

Under the National Housing Act (NHA), a key objective of CMHC is to promote the efficient functioning and competitiveness…

 

2024-07-23

By Kevin Fettig

Consumer Debt Trends Mortgage Investors Should Watch

An ongoing concern for mortgage investors is the ability of consumers to manage their debt. Many Canadians are currently facing challenges…

 

2024-07-17

By Kevin Fettig

Are We Plucking the Wrong Goose?

The Greater Toronto Area’s (GTA) benchmark home price for June 2024 was $1,110,600. Land is a major part of that cost…

 

2024-07-16

By Kevin Fettig

Housing Market Remains Steady

Existing home sales rose by 3.7 percent m/m (seasonally adjusted) in June and remained at the lower end of seasonal norm. While early indications from…

 

2024-05-27

By Kevin Fettig

Who Will Build the New Homes We Need?

The government aims to build 3.87 million new homes by 2031 through its housing strategy, which focuses on increasing construction of both owner-occupied…

 

2024-05-06

By Kevin Fettig

Hope Remains for US Rate Cuts Later in the Year

On May 1, the US Federal Reserve held its two-day FOMC (Federal Open Market Committee) meeting where it kept…

 

2024-07-17

By Kevin Fettig

By Kevin Fettig

Further Thoughts on the Budget and Housing

Last week, we examined the new housing road map laid out in the 2024 federal budget. This week, we’re offering a few additional thoughts on two related issues…

 

KEVIN FETTIG

PRESIDENT OF CMI FINANCIAL GROUP

ABOUT THE AUTHOR

Kevin has had a long career in capital markets, housing finance, and public policy. He has worked as an economist for Alberta Treasury, Saskatchewan Policy Secretariat, the Bank of Canada, and the Department of Finance Canada. His work has included tax policy, economic forecasting, as well as monetary policy and debt management. While at the Bank of Canada, he authored two Bank of Canada Review articles on monetary policy tactics. Kevin has worked on a variety of debt programs from treasury bills to domestic and foreign bond issues, and interest rate swaps. He worked on building and managing the federal real return bond program, the Canada Savings Bond program, and built out the bond buyback program and a synthetic foreign funding program – two programs which are still in use today by the federal government. While at CMHC, Kevin managed the market funding program for social housing, built and managed the Canada Mortgage Bonds program, and expanded the products offered under the NHA MBS program. He has worked for several mortgage insurers including CMHC, Canada Guaranty, Triad Guaranty and Genworth. This work encompassed product development and risk management across housing markets in North America, Europe, Asia, Australia, and New Zealand. More recently he has had senior management roles with residential lenders managing underwriting, risk, product development, capital markets, and strategic planning.

INDEPENDENT OPINION

The views and opinions expressed in this publication are solely and independently those of the author and do not necessarily reflect the views and opinions of any person or organization in any way affiliated with the author including, without limitation, any current or past employers of the author. While reasonable effort was taken to ensure the information and analysis in the publication is accurate, it has been prepared solely for general informational purposes. Any opinions, projections, or forward-looking statements expressed herein are solely those of the author. THere are no warranties or representations being provided with respect to the accuracy and completeness of the content in this publication. Nothing in this publication should be construed as providing professional advice including investment advice on the matters discussed. The author does not assume any liability arising from any form of reliance on this publication. Readers are cautioned to always seek independent professional advice from a qualified professional before making any investment decisions.

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