by Joe White | Sep 3, 2024 | Mortgage Brokering, Mortgage Brokering in Ontario
In 2024, the landscape of Anti-Money Laundering (AML) regulations has become more critical than ever for mortgage professionals. With the ever-evolving tactics used by criminals to launder money, the Canadian government has tightened its regulations under the Proceeds...
by Cain Daniel | Jul 18, 2023 | Mortage Investments, Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
Private Lending / Private Mortgages Please note: information in this article is not meant to be legal advice on private lending, private investing, private mortgages or any other topic, and is in reference to Ontario only. REMIC is licensed...
by Cain Daniel | Jul 3, 2023 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The Ontario mortgage industry, the largest in Canada, has dozens of mortgage lenders for consumers to use, but not all of them are available to consumers without using a mortgage broker. It is important to know who those mortgage lenders are, and the products,...
by Cain Daniel | May 2, 2023 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
What is a Permitted Client? For the purposes of Non-Qualified Syndicated Mortgages (NQSMI), a the definition of a Permitted Client is defined in Regulation 188/08, which refers to National Instrument 31-103, Registration Requirements, Part 1 – Definitions. ...
by Cain Daniel | Feb 10, 2022 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
If you think getting a mortgage is as easy as qualifying based on your lender’s mortgage rate, think again! You have to pass a test; A stress test. What is the mortgage stress test? This is what the Office of the Superintendent of Financial Institutions...
by Cain Daniel | Jun 28, 2020 | Mortgage Brokering, Mortgage Brokering in Ontario, REMIC Blog
The Canadian government sets the guidelines for default insured mortgages to, in part, manage the housing market, while provincial governments can use other tools, such as taxes. The following summarizes the changes made by governments since the financial crisis...