FSCO seeks comment on mandatory continuing education proposal for mortgage brokers
The Financial Services Commission of Ontario (FSCO) has released a proposal that would see continuing education (CE) become mandatory for mortgage brokers. The proposal is out for public comment until February 28. In spring 2011, FSCO plans to release its decision on its website.
Banks won't impose own tighter mortgage rules: TD
Canadian banks are not likely to impose stricter mortgage qualifying rules on their own to curb the nation’s rising household debt, TD chief executive officer Ed Clark told The Globe and Mail.
Mortgage brokers appear safe from GST
Finance Minister Jim Flaherty said Monday that there will be no additional GST on financial services following heated discussion about a new proposed tax policy that appeared in the federal budget earlier this month.
Lender status cards - do you have yours?
Broker status and incentive programs are becoming increasingly common among mortgage lenders - but what does it mean for brokers? Erin Letson explores what lenders are trying to achieve, why efficiency matters and how to become a status broker
Mortgage industry golf tournaments give back
A sluggish economy hasn't stopped the mortgage industry from heading to the golf courses to support a variety of causes during the late summer season.
Do you need another designation? Or are two already too many?
Designations have been in the mortgage industry for five years and have been both praised and criticized. Now a Seneca College program co-ordinator is launching a new designation -- and as CMP writes, it's already raising questions
Shayam Kaushal: May 24, 1968 - February 10, 2009
On February 10, 2009, Shayam Kaushal, a pivotal figure with IMBA from the very beginning, passed away peacefully after an ongoing and resilient battle with cancer. Here he is remembered by his friends and family
IMBA announces new president
After serving on the IMBA board of directors since 2002, Jeff Atlin has been named president of the association.