These are the benefits to mortgage apps
One of the leading mortgage broker course providers announced Tuesday it is launching the non-profit Association of Mortgage Investment Professionals (AMIPROS) with the goal of providing higher standards and education to the private lending industry.
Brokers often call for more regulatory oversight to help weed out unethical professionals and one recent update from FSCO has been met with positive reactions. But some brokers believe more can be done in other areas of focus.
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Credit rating firm Moody’s says that Canada’s economy is in good shape; with a stable banking system and a near-balanced budget; but there is concern over the housing market.
The president of the Canada Mortgage and Housing Corporation says that they are not alarmed by high prices and insists that the market is robust.
With more than two months still to go Calgary has broken one of its annual MLS sales records.
The latest Bloomberg Nanos Canadian Confidence Index shows that consumers are less confident in the economy last week than they were the week before.
New quarterly figures form Statistics Canada show that investment in non-residential building construction increased 1.2 per cent to $13.1 billion in the third quarter.
Brokers are venting their frustration about staffing issues in the underwriting departments – at both monoline lenders and banks – and they believe it’s an issue that needs to be addressed to gain greater efficiencies and ensure client retention.
The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers and industry professionals about an unlicensed mortgage brokerage that is soliciting the public to invest in a condo project in Toronto.