by Joe White | Aug 5, 2026 | Compliance
A recent Financial Services Tribunal decision found an experienced broker unsuitable to be licensed over mortgages built on false documents, and FSRA went on to refuse his licence renewal. For the broker, the lesson is personal, and we covered it in a companion piece....
by Joe White | Aug 3, 2026 | Compliance
18 False-Document Applications and $95,000 in Penalties: Why “I Didn’t Know” Was Not Enough An Ontario mortgage broker submitted 18 mortgage applications containing false or fabricated supporting documents. The Financial Services Tribunal accepted...
by Joe White | Jul 21, 2026 | Press Releases
Among Canadians aged 18 to 29, more used AI tools like ChatGPT for financial or mortgage advice in the past year (26%) than used a licensed mortgage broker (17%), a new REMIC and Abacus Data survey finds, as Canada’s peak mortgage renewal year unfolds TORONTO,...
by Joe White | Jul 10, 2026 | Business
Who Is Liable When the Guardrails Come Down? A $155,000 FSRA Case With No Fraud in It Our last enforcement piece looked at a case where agents were used to facilitate a mortgage fraud scheme. The lesson there was that dealing outside your brokerage strips away the...
by Joe White | Jul 7, 2026 | Compliance, Mortgage Brokering, Mortgage Brokering in Ontario
FSRA recently published a Notice of Proposal that belongs on the required reading list for every mortgage agent in Ontario. Not because of the dollar figure, though $740,000 in proposed penalties gets attention. Because of the standard it applies. Two of the three...