Had former Prime Minister Stephen Harper not slashed $500 million from the RCMP’s budget to fight organized crime, money laundering through Canadian real estate wouldn’t be rampant today, charges a lawyer
Brokers argue there aren’t enough ramifications to deter brokers from falsifying documents, but some suggest reporting them to a database such as REDX is a good start
Brokers in this one major market are likely faring better than the rest when it comes to the commercial segment
Industry insiders are attributing strong year-over-year growth in reverse mortgage originations to several factors – the most notable being human longevity
Recent numbers from one of the country’s largest real estate boards show a record amount of home sales for the month of July.
Brokers hope the recent suspension of numerous brokers by one lender for allegedly falsifying documents won’t encourage regulators to hand out more stringent guidelines
One leading mortgage insurer says fraud is on the decline in the Canadian mortgage industry as a result of tightened lending guidelines
Online rate sites have called the death knell for the broker channel – but brokers are turning the tables and using the Internet to their own advantage
Brokers have long argued the barrier to entry for the industry is too low, and the Home Trust suspension of 45 brokers is further proof that a more stringent licensing process is required.
It’s a tactic that lenders – and their underwriters – may not be too keen to implement, but one broker is suggesting his lender partners take a page out of the bank playbook.