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Broker opinion is split -- following news that CMHC is considering banks to pay a deductible before mortgage claims are paid out – with some believing the move will lead to more careful underwriting and others thinking it could result in higher fees for clients.
The Canada Mortgage and Housing Corporation is considering offloading some of its burden onto the banks by forcing them to pay a deductible on insured mortgages before claims will be paid out.
A new report from a major regulator will likely inspire confidence in home buyers to turn to mortgage brokers.
A major broker gripe about a big bank mortgage policy has finally been addressed by Finance Minister Joe Oliver and more transparency about the practice is forthcoming.
At a time when lenders are increasingly focusing on alternative lending, one major player – known for its alternative offerings – has announced new prime products.
Careful consulting at the beginning of a rent-to-own deal is key to ensuring underwriting guidelines are met, say brokers and industry professionals.
Home buyers lie on their loan applications and ten per cent of Canadians believe it’s acceptable to do so.
One reader believes variable rate mortgages will continue to be the best option for clients going forward, following one big banks market forecast for 2015.
Following broker scepticism, the Canada Mortgage and Housing Corporation (CMHC) clarified the survey method used to determine what percentage of condos in Vancouver and Toronto are owned by investors.
One leading broker is accusing a competitor of using his name to attain leads through Google’s ad services.