Scotiabank Hikes Risk with Total Mortgage Financing

Financial Post, Barbara Shecter, 6 October 2006Bank of Nova Scotia became the first Canadian bank to offer no-money-down mortgages yesterday, entering a market previously occupied by riskier lenders like Xceed Mortgage Corp.The program lets people with solid credit histories buy homes even if they don't have enough cash to make the standard 5% minimum down payment. Scotia is teaming up with