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Mortgage Broker News | 19 Dec 2017, 08:15 AM Agree 0
Shadow loans are increasingly going to highly indebted households, observers say
  • Mortgage Guy | 19 Dec 2017, 10:11 AM Agree 0
    The private lending sector isn't dumb, they have been rolling down the loan to value to a reasonable amount to shield themselves against any huge loss. Plus the appraisers are undervaluing properties and causing re-financing to collapse. Only the consumer suffers, the government don't care about the common people and they are protecting the banks from making rash decisions on lending...or try to. As a mortgage agent of 15 years, I am now seeing rent to own as a viable option to help many Canadians trapped in an orphan mortgage when the loan to value is too high, even for private lending.
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