MIC/private updates, Buyer hesitation, FSRA action, Housing crisis, More

What's behind the rise of MIC and private lending? View web version | Forward to a colleague 07 October 2024 Top News What's behind the rise of MIC and private lending? Top executives discuss segment's growing prominence and market share Why are many homebuyers still hesitant about entering the housing market? Broker highlights continuing buyer caution Extra wiggle room with 35-year amortization Borrowers often worry about having extra funds available for the basics, including outstanding bills. Our expert BDM helped their broker lower a client's monthly payments and free up some ratio room by refinancing on a one-year term with a 35-year amortization. Now, the client has an extra $800 monthly to pay off debt Bridgewater Bank Ontario broker accused of steering clients into high-interest private loan Broker allegedly bypassed her brokerage and arranged a loan through her own unlicensed company Canada's housing crisis: Why it's more complex than you think Experts point to deeper systemic issues driving the housing crisis. AI and cybercrime now top threats to Canadian banks Artificial intelligence and reliance on third-party service providers among the greatest challenges facing financial institutions Grant proposals uptake could see more homes built faster City sees big demand for housing funding program International News Are homebuying prospects finally improving in the US? Mortgage brokers discuss strategies for business building as rates continue falling Is Rachel Reeves going to drive up interest rates? Treasury analysis predicts up to 2.5% increase Bank slashes fixed home loan rates It now offers some of the lowest fixed rates for two- to five-year terms New government support for builders Boost for residential construction market 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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