Association lobbies for legislative change
A provincial association is pushing for an update to regulations surrounding advance fees, including cancellation fees
Association goes to bat for lenders
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.
Association launches aggressive ad campaign
Industry association launches year-long advertising campaign focusing on drawing attention to the industry.
Mortgage associations present recommendations to regulators
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 benefit everyone
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.
Outgoing MBABC president Dreyer looks back, looks ahead
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.”
Extension granted on MIC regulations
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.
Western brokers to establish education platform
The Alberta and B.C. mortgage brokers associations announced yesterday they are establishing a Western Canadian education platform for members.
Brokers erring on the side of caution at tax time
Has Canada Revenue put the fear of God into brokers? Well, at least the fear of an audit, if the latest MortgageBrokerNews poll is any indication.
Notary suspension offers lesson for brokers
The suspension of a Vancouver notary over possible mortgage irregularities underlines the need for brokers to uphold standards of professionalism and integrity, says MBABC CEO Samantha Gale.