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Mortgage Broker News | 05 Jul 2017, 08:11 AM Agree 0
A rate increase next week would mark the first such movement in 7 years
  • | 05 Jul 2017, 10:02 AM Agree 0
    I would like to make a comment on an earlier article about the language used by non bank entities and OSFI's new found interest in this matter. first it smacks of collusion between the Big 5 Banks and the ministry of finance and OSFI itself. It is another example of OSFI's overreach. When Mortgage professionals outside the Bank environment cried foul when bank reps represent themselves as brokers OSFI or department of finance never asked for clear distinctions.
    Oh the little tid bits that serve Bay Street that make their way to the Minister of Finance always amaze me. Those Upper Canada Club meetings of Canada's Corporate and Banking elite and Mr. Morneau are not so subtle anymore.
    Who does MOF and OSFI serve certainly not the general public. Time to expose the collusion !
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