The latest version of the Notices of Assessment issued by the Canada Revenue Agency is exposed to greater risk of mortgage fraud, according to the CMBA
New rules may be coming – which means brokers are focused on cancellation fees once again
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.