Did FICOM overreach?
Under its Mortgage Broker Conflict of Interest Guidelines, FICOM is trying to force networks to disclose all bonuses. But does the regulator have that power?
First of many changes to come?
Don’t blame TD for being the first to act, argues one veteran, but do expect further interruption to the industry that will make mortgages more expensive for the consumer
New stress test could put monolines at a disadvantage
The Finance Minister announced three new housing measures meant to ensure stability in the housing market, but one of those – the amended stress test requirements – could impact monolines more so than big banks, according to one veteran broker
Industry comes to the defence of one of its major lenders
Brokers are calling into question a report about one of their main partners, following an article alleging it sold off mortgages to improve its balance sheet
Is Equifax’s new credit score good or bad?
The inclusion of previously unused information in the newly released Beacon 9.0 score has proven to be a game-changer
Yes, it really is you
When a deal falls apart, it’s time to admit where the real fault lies – because doing so can only improve your business, writes Rob Campbell
Should mortgage regulators follow OSC’s lead?
Ontario’s securities regulator has launched a whistle-blower program that offers up to $5 million to for tips that lead to the prosecution of fraudsters; should the mortgage industry develop a similar program?
Brokers sound off on new credit score
BEACON 9 has caused quite a stir among brokers, with many arguing the positives and negatives
Brokerages launching lenders: A sign of things to come?
A major brokerage has launched its own lender – is that a sign of an expected trend? Two industry veterans weigh in
Broker lender could be poised to experience significant growth
With MCAP poised to go public, it could become an even larger and more influential organization in the mortgage industry