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Brokers: All monolines must adopt penalty disclosure rules

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Mortgage Broker News | 10 Oct 2012, 08:00 AM Agree 0
The big banks have now moved to post information on their websites about how exactly they calculate prepayment penalties, with brokers concerned some monolines will ultimately fail to follow suit.
  • Eric Putnam | 11 Oct 2012, 07:07 AM Agree 0
    FCAC has posted their new resources regarding prepayment calculations at http://www.fcac-acfc.gc.ca/eng/resources/publications/mortgageloan/prepay/prepay_toc-eng.asp
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