Canadian bank hit by downgrade, Private lending, Firm Capital results, Hybrid work, More

Canadian banking giant's rating downgraded amid multiple unique risks

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11 March 2022

Top news Canadian banking giant's rating downgraded amid multiple unique risks The bank is labouring under various pressures in its international businesses, markets analyst says Private lending – Ontario brokers set to face higher education requirements The province's broker regulatory body identified consumer protection concerns associated with the private space Alt credit and gifted down payment secure couple's dream condo These clients thought their dream condo was unattainable due to high ratios and thin credit. Enter Bridgewater Bank's expert underwriter. A gift of equity was used for a portion of the down payment, bringing the LTV to 50%. After reviewing 12 months of personal bank statements as alt credit, the underwriter used a T1 and NOA to prove stable income, solidifying the deal and making this dream home a reality Bridgewater Bank Hybrid work model likely to dominate: Avison Young executive The company's president, professional services, for the Americas says flexibility is increasingly sought by workers RBC: Inflation, geopolitics to weigh on Canadians' household finances Pandemic-era savings are especially at risk, RBC says Firm Capital MIC announces robust Q4, year-round results The corporation especially benefited from higher interest income Angus Reid: Many Canadians' budgets already impaired Inflation is a tough obstacle to overcome for the ordinary Canadian international news Private equity firm could snap up top non-bank lender A Canadian firm is reportedly in talks to acquire the Australian giant What's driving brokers' employment searches? Here's what they are searching for… Nerdwallet on what's pummeling first-time home buyers Advice "as outdated as dial-up internet" Major mortgage broker appoints new CEO Experienced executive keen to help company grow

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