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The winner is…the Canadian mortgage industry
Siddall's warning to lenders that chasing short-term profits threatens Canada's economic health is, like so many CMHC pronouncements, problematic on a number of levels
The organization already has 31 financial services firms on board, including five of Canada's Big Six
20% of the lender's portfolio was in deferral near the end of May
Interest has spiked significantly during the last three months, says the bank
Only two companies contacted by Mortgage Broker News agreed to talk about their ideas for promoting racial sensitivity among their workforces
Amid business closures and stock market crashes, elderly Canadians will need more liquidity than ever
Combined with Equitable Bank’s announcement of a rate drop on their reverse mortgages, brokers can also learn how to address myths surrounding the products
The lender saw significantly lower income on an annual basis during the first quarter
The fallout from COVID-19 is changing views on how best to leverage equity
