Lessons In Mortgage Lending, Canadian-Style

Law360, New York (August 14, 2009, 3:14 PM EDT) -- The battered U.S. banking system is showing signs of a turnaround — welcome news around the globe, and certainly here in Canada, which relies heavily on our southern neighbor, our largest trading partner.

A number of institutions — including JP Morgan, Bank of New York/Mellon, Goldman Sachs, U.S. Bancorp and others — have opted to return their TARP funds to the Treasury, while in recent weeks banks have raised tens of billions of dollars in fresh equity to shore up capital levels in the wake of...
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