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Mortgage Broker News | 24 Feb 2016, 08:15 AM Agree 0
Mortgage Professionals Canada penned a letter to FICOM and in it exposed problems with the regulator’s proposed compensation requirement
  • Dave | 24 Feb 2016, 08:56 AM Agree 0
    FICOM should be more worried about money laundering from Asia than this nonsense...
  • Nick Bachusky | 24 Feb 2016, 10:39 AM Agree 0
    This is excellent. I hope that FICOM listens to this message but I still believe there is an ulterior motive at play here from the large financial institutions' lobbyists.
  • David Larock | 24 Feb 2016, 01:38 PM Agree 0
    If FICOM is worried about consumer protection and disclosure why don't they require the Big Six banks to disclose their fixed-rate mortgage penalties more adequately? That seems like much lower hanging fruit from my desk.
  • Mortgage Broker | 25 Feb 2016, 04:18 AM Agree 0
    I want to know the commission my car salesman makes on each car he recommends. I want to know how much my Doctor makes per visit. I want to know how much my travel agent makes. Lastly, I want to know the salaries of the people at FICOM who are proposing this.
  • IMHO | 25 Feb 2016, 09:05 AM Agree 0
    mobile specialists are also paid commission on the amount of the mortgage and have the ability to buy down a rate. Why are they not included in this?
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