Edmonton updates, New FSRA proposals, Licences revoked, Brokers on Lenders, More

Edmonton's housing market continues to heat up View web version | Forward to a colleague 30 April 2024 Top News Edmonton's housing market continues to heat up A busy spring is underway for mortgage professionals in the city Regulatory guidelines for mortgage brokers proposed Guidance aims to strengthen principal broker role and consumer protection Refinancing brings financial stability Facing higher mortgage payments after rate increases while also rebounding from medical treatment, the client needed a new plan. Through their broker's consultation with our experts, we recommended a solution to refinance with a 35-year amortization, providing the necessary financial reprieve the client needed to reset and effectively stabilize their finances Bridgewater Bank Mortgage agent licence revocations proposed over dishonest conduct allegations False statements, lack of remorse cited in notice How well are your lenders performing? Rate your lender partners' work today New podcast - Home & Heart: Inspiring stories of mortgage excellence Discover some of the most inspiring stories of home ownership, financial empowerment, and MCAN Home's life-changing initiatives for its clients MCAN Mortgage Scotiabank taps Morgan Stanley exec to run global banking Banking giant announces leadership change HSBC CEO announces shock exit in Q1 earnings report CEO steps down after overseeing restructuring and profitability gains Quebec launches affordable senior housing project New senior housing development gets $235m fund National Bank targets global borrowers with new Paris office The company is expanding its reach International News FHA updates reverse mortgage rules for home purchases Eligibility criteria revised for senior homebuyers using reverse mortgages Financial stability risks from NBFI remain contained – RBA Regulators to continue monitoring the sector How can lenders better support underserved borrowers? Borrowers' sources of income may not fit lenders 'outdated' criteria, it's suggested NZ consumer confidence declines further April readings fully incorporate the impact of Q4 GDP data Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2024 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us

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