Big fines, RBC sales, Alternative lending, Westboro, Inflation rate reaction, More

Q&A with Westboro's Derek Serra

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21 October 2022

Top news Q&A with Westboro's Derek Serra CMP spoke with the industry veteran on the latest developments at the MIC Rate increases causing uptick in alternative mortgage activity, says executive Schedule B and private lenders "picking up the business" of borrowers who can't qualify on A side Reduce your marketing outlay and still reach over 10,000 mortgage pros Join the 24/7 online trade show that is BHBTV. The industry's number one learning and streaming platform for the housing industry. BHBTV Reverse mortgages offer natural shelter Equitable Bank is seeing high demand for reverse mortgages due to demographics, greater acceptance among customers, cost-of-living pressures, and more indebtedness in retirement Ontario to implement stiffer fines on project/purchase cancellations If passed, proposed legislative changes would double the maximum penalties Ready, Set, Grow! Now is the time to revamp for 2023! Learn from top mortgage professionals at the COMPLIMENTARY Canadian Mortgage Summit Canadian Mortgage Summit OSFI insists it is paying close attention to mortgage lending The banking regulator says it will continue to assess lenders' capacity to manage borrower challenges RBC adds billions to sales spree Move made even as borrowing costs rise Cooper: No signs of inflation slowing down despite weaker spending Inflationary pressures give the central bank greater impetus to maintain its trajectory, economist says Report: Renting is still the more financially sound option in most markets The lack of affordability continues to hinder many Canadians' dreams of homeownership International news Lenders' ratings cut by Fitch Massive names come under the spotlight Truss quits – mortgage industry reacts Similarities to a "wet lettuce" are drawn Bank chief reveals the volume of cyber incidents banks are dealing with Cybercrime is one of the greatest threats of our time, he says Business insolvencies set to rise, say credit managers High interest rates, inflation create a 'perfect storm'

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