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BMO ramping up its broker channel division with new network partnerships

BMO ramping up its broker channel division with new network partnerships Since its official launch in late January, BMO’s BrokerEdge division has been making waves and slowly growing its presence in Canada’s mortgage broker channel.

OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches

OSFI rejects Competition Bureau recommendation to drop mortgage stress test for lender switches Canada’s banking regulator says it has no plans to remove the stress test on uninsured mortgages for borrowers who choose to switch lenders.

Canada’s credit market risks are on the rise, but CIBC’s Tal sees reasons for optimism

Canada’s credit market risks are on the rise, but CIBC’s Tal sees reasons for optimism Despite elevated credit market risks and rising delinquency rates, CIBC’s Ben Tal sees reasons for optimism.

Homeowners, realtors should take steps to protect against title fraud: experts

Homeowners, realtors should take steps to protect against title fraud: experts It’s been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you’re in default and now owe money comes as a shock.

OSFI urges lenders to be vigilant amid “heightened risk” in the mortgage market

OSFI urges lenders to be vigilant amid “heightened risk” in the mortgage market In response to increased risks in the mortgage market, Canada’s banking regulator has issued a reminder to lenders about their risk management responsibilities.

Remembering Frances Blau: a trailblazer for women in Canada’s mortgage industry

Remembering Frances Blau: a trailblazer for women in Canada’s mortgage industry Canada’s mortgage industry lost one if its great advocates, trailblazers and pioneers last week with the passing of Frances Blau.

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says

B.C., Ontario mortgage-holders increasingly missed payments in Q4, Equifax says Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said. 

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools

CMHC to scrap First-Time Home Buyer Incentive and refocus funding on other tools The government has announced it will be discontinuing its First-Time Home Buyer Incentive (FTHBI) program later this month.

Remembering Michael Ellenzweig and his contributions to Canada’s mortgage industry

Remembering Michael Ellenzweig and his contributions to Canada’s mortgage industry Michael Ellenzweig aspired to be a mortgage broker ever since the age of 13. The rest, as they say, was history.

The latest in mortgage news: BC government unveils details of its proposed home-flipping tax

The latest in mortgage news: BC government unveils details of its proposed home-flipping tax The British Columbia government today unveiled additional details of its proposed house flipping tax that was introduced in last week’s budget.