MERIX Financial’s interest-only mortgage, introduced a year ago, is taking the broker channel by storm because of how neatly it fits into borrowers’ financial lives
The share of non-bank lenders’ contributions to national mortgage volume is growing
Issues with consumer-backed assets are becoming more commonplace
Lender cites the current mortgage regulatory regime in the U.S. as a major factor
In the current lending environment, the alternative sector needs to step up to the plate
B-20 is pushing more and more consumers towards alternative mortgage providers
Current version of the proposal treats all transactions as if they invite equal risks
As most loans come from banks, Canadians might not be aware that they are getting ripped off
B-20 had led to a larger volume of rejections from traditional lenders
Participants in the gig economy now account for an estimated 20% to 30% of the workforce
Partnerships between lenders and brokers are imperative in today’s highly-regulated environment, and XMC Mortgage Corporation has taken a unique approach to cultivating strong relationships within the broker channel.