Man swindles churches in advance-fee mortgage scam
A Georgia man who swindled churches and small businesses across the country in an “advance-fee” mortgage scam has been sentenced to more than four years in prison.
Recommendation to allow alternative mortgage course providers
CAAMP has been the sole provider of the accredited mortgage broker course for just under a year, but it may not be for much longer, following recommendations that the government take up concerns over whether one provider is enough.
MBLAA recommendations focus on higher education standards
The man tasked with reviewing the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) has presented his recommendations to Ontario’s Minister of Finance; with higher educational standards for agents and brokers among his chief objectives.
Video series paying off for broker
One broker took a chance on a new video marketing initiative and it’s already paying out in the form of an increase in business leads.
Equifax report frustrates broker
One broker is frustrated by negative Equifax reports that he believes aren’t a true indication of clients’ credit health.
Poloz: We have a competitive mortgage market
The Governor of the Bank of Canada, Stephen Poloz, appeared on BNN’s Headline with Howard Green on Wednesday and proclaimed the Canadian Mortgage market is healthy.
Deflationary trends created by idling home sales?
Brokers may have been right all along in suggesting the government has simply been too aggressive in its efforts to slow down the real estate market, with growing speculation among economists that the BoC will soon have to fight deflationary trends, in part fueled by idling home sales.
Another call for region-specific mortgage regulations
Nicolas Marceau, Parti Quebecois finance minister, is echoing similar sentiments to many mortgage brokers: That the Canadian mortgage regulations should be region-specific.
Former NFLer pleads not guilty to mortgage fraud
A former NFL player and his mother have pleaded not guilty to participating in a $690,000 mortgage scam.
Should regulators focus more on unsecured debt?
New data on consumer debt has dredged up an old broker gripe: Regulators need to rein in the availability of unsecured debt and leave mortgage spending alone.