A new Canadian Mortgage broker regulator partnership

Nine provinces in Canada have legislative and regulatory frameworks to govern mortgage brokers. Those provinces are Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. Given the recent economic condition and slow pace of recovery the regulators think that it is

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FSCO and new law – a step in the right direction

Financial Services Commission of Ontario (FSCO) continually monitors and improve the way mortgage brokerage industry operates in Ontario. Recently it has launched a consultation on a continuing education policy for the mortgage brokering industry. The following are the important issues amongst many others that FSCO is looking

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