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Mortgage Broker News | 10 Sep 2013, 12:00 AM Agree 0
Brokers may not want to hear it but tighter mortgage lending rules have attributed to a decline in defaults; while CMHC profits climbed according to a press release by the organization published at the end of August.
  • Cameron Mackie | 10 Sep 2013, 11:35 AM Agree 0
    This is a good example to why changes were needed.

    I hear mortgage brokers and agents complaining constantly about the regulations and volumes they've lost in the last couple years. Maybe we need to have a couple brokers state side present their life story and how it’s drastically changed since the US crash.

    Conserving to survive, I will always weigh towards having “smaller portions”, it’s much easier than eating crumbs from the floor. Far as I’m concerned Flaherty’s done a fine job at keeping our economy afloat in these hard times.

    It’s nice to see the regulation changes doing what it was supposed to do, hopefully this is just the tip of the iceberg.

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