The Alberta and B.C. mortgage brokers associations announced yesterday they are establishing a Western Canadian education platform for members.
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.
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.
The Mortgage Brokers Association of B.C. is following its Ontario counterpart in offering member coverage for legal services in the event of an investigation by FICOM or a CRA audit.
MBABC is asking the securities commission to rethink how it will regulate MICs in B.C.
A handful of con artists misusing the rent-to-own model are increasingly running afoul of provincial mortgage broker legislation, claiming they can arrange home loans without broker accreditation.
Mortgage professionals in British Columbia are poised to submit a position paper to the province’s Ministry of Finance endorsing a self-regulated industry similar to that of Alberta.