Specialized lending update: Major acquisition, Private lending, HELOCs, More

Pension fund acquires reverse mortgage giant

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12 July 2022

Pension fund acquires reverse mortgage giant A leading company in Canada's mortgage space is under new ownership What do brokers need to keep in mind about the private space? It's more important than ever to stay apprised of developments, says broker Survey: Nearly three in 10 Canadians drew on HELOCs However, the majority borrowed less than $50,000 CHIP Reverse Mortgage effective way for homeowners 55+ to gift down payment In a challenging market, gifting funds to children, grandchildren an increasingly popular option How is Canada's HELOC debt burden shaping up? The Bank of Canada's rate increases are playing a crucial role in the HELOC borrowing trend New private lending association addresses regulatory reform proposals The organization is helmed by a well-known industry figure

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