The MBABC has started a petition with the hope of derailing an updated legislation interpretation around disclosure of fees, citing lack of consultation with the industry
MBABC is offering an even stronger argument in favour of re-thinking proposed disclosure changes
New regulation is coming and the industry wasn’t properly consulted prior to the decision being made, argues one association
A provincial association is pushing for an update to regulations surrounding advance fees, including cancellation fees
One national broker association is urging the government not to adopt investor caps, arguing that such changes would result in a loss of mortgage lending options for Canadians.
Industry association launches year-long advertising campaign focusing on drawing attention to the industry.
B.C.’s broker association has now formally presented recommendations to the Regulator's Council of Canada explicitly calling for bank representatives to fall under the same regulations as mortgage brokers.
Tougher MIC rules mean a better, stronger MIC community within the broker channel, says one Alberta broker whose family has been operating a MIC for some 30 years.
When Dreyer took the reins as president of the MBABC back in May of 2012, he told MortgageBrokerNews.ca that “it is imperative that our board work with these regulators and lenders to ensure the proposed policies create a strong economic environment for Canada while continuing to make home ownership accessible to all Canadians.”
There will be a few more months of talks on how B.C.’s MIC regulations will take shape, as the exemption deadline for dealer registration has been pushed back by the British Columbia Securities Commission for another year.