What's New - Page 3

May 24, 2018
Brokering a Second Mortgage for a Borrower

THE CLIENT'S REQUEST 1 A borrower asks you to arrange a second mortgage. This is a common request made of mortgage brokers. Each such request raises significant issues for the broker regarding how to best serve the client while remaining compliant with regulations and avoiding civil liability. We will alert you...

May 24, 2018
Trending In the Wrong Direction

Certain trends in the finance and real estate sectors across Canada have become very apparent over the course of the last year. No doubt, with the cost of housing reaching a tipping point for local affordability, the stakes for consumers of real estate, mortgages and finance products are higher than...

May 23, 2018

For two days, nearly 250 delegates gathered to chart a course for success. This past October at the Halifax Marriott Harbourfront, brokers, industry partners and service providers gathered once again for two days of networking, learning and a fair bit of partying. The theme of this third annual CMBA-Atlantic Conference &...

May 23, 2018
MB Funding Roll of of Honour

IN DECEMBER 2017, THE CANADIAN MORTGAGE BROKERS ASSOCIATION INDUCTED THE INAUGURAL MEMBERS OF THE MB FUNDING ROLL OF HONOUR. This prestigious commendation was created to recognize individual members of the CMBA provincial associations who have reached a considerable and verifiable funding...

May 17, 2018
Up North & Down Under

WHEN IT COMES to broadening their business horizons, seven B.C. mortgage professionals aren’t afraid to cross borders in search of inspiration. In fact, this fall saw them making the long journey Down Under, where the Finance Brokers Association of Australia (FBAA) was holding its 2017 National Industry Conference on November 24...

May 17, 2018
MB PROFILE – Urma Mollema

URMA MOLLEMA doesn’t back down from a challenge. By age 32, she was a four-time, award-winning national athlete who represented South Africa’s University of Pretoria on its road relay team. Propelled by a fiery competitive spirit, Mollema achieved success at age 33 in the business world, too, as the founder of...

May 17, 2018
CEO CHAT: Don MacVicar

“IT STARTED ON A HANDSHAKE,” says Kerri Reed, Vice-President of Sales, Ontario, on the founding of Premiere Mortgage Centre with Don MacVicar. “We had the same core values of trust, entrepreneurship, integrity and hard work ethic. We went from there to create this company.” Don grew up in Halifax, Nova Scotia...

May 17, 2018
No Double Jeopardy, Triple Consequences

YOU ARE A MORTGAGE BROKER and have breached your regulatory statute. Your conduct in this instance is also contrary to criminal and civil law. Can you be sanctioned in all three regimes? The short answer is “Yes,” but the proper and longer answer (as follows) is more nuanced. UNDERSTANDING REGULATORY, CRIMINAL...

May 17, 2018
Bank of Canada Gets More Serious About Issuing a Digital Currency

ON NOVEMBER 30, 2017, the Bank of Canada (BoC) released a staff white paper cautiously in favour of creating a central bank-issued digital currency (CBDC) for Canada. Referencing the continuing trend toward using electronic forms of payment in lieu of physical currency, the white paper explores the possible economic benefits...

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