Regulatory challenges, New partnership, Loonie, Home sellers, Outstanding mortgages, More

Quebec brokers – what regulatory challenges are they facing?

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09 March 2022

Top news Quebec brokers – what regulatory challenges are they facing? The province's mortgage professionals have had to contend with a longer checklist in recent times How Mortgage Automator helps set a new service standard between lenders and brokers The company's software speeds up the mortgage process on all sides – and provides vital updates at all stages of a deal 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 New partnership aims to foster commercial broking Recently launched platform offers proprietary access and training for mortgage agents Analysts: BoC can no longer count on a stronger loonie vs. inflation The Canadian dollar has seemingly decoupled from oil prices, analysts say RBC: Home sellers are steadily making a comeback Sellers are expected to play a central role in the 2022 spring period StatCan: Outstanding mortgage volume continues rising Gains were seen in chartered banks and non-bank lenders alike international news Broker thriving after trial by fire She started building a line-up of helpers amid pandemic while posting huge volume Housing market experiences 'unprecedented boom' Surge comes after wide social distancing restrictions New property listings hit eight-year high Property listings post busiest January and February since 2014 New NZ law to sanction Russia in the works The bill is scheduled to be heard on Wednesday and could pass on the same day

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