Ontario's mortgage broker regulator recently released a new supervision plan for consumer protection. Before doing so, it (FSRA) discovered several problems with the brokered mortgages it audited. Among them: * 100% of private mortgage files "lacked documented suitability assessments and exit strategies." 💡For the uninitiated, private mortgage

💡See also: 5yr Yield Steady as Market Eyes End to U.S Shutdown A few weeks ago, bank regulator Peter Routledge noted that OSFI is "seeing a gradual rise in mortgage delinquencies from historically low levels, especially in variable rate fixed payment mortgages." The regulator characterized these cases

Canada's new budget has dropped, and it was mostly a snoozer for residential mortgage brokers—although slightly more interesting for commercial brokers. We’ve distilled the relevant bits for the mortgage and real estate worlds below. All quotes are directly from the budget unless otherwise noted. MLN'

Bank regulator Peter Routledge was asked Thursday if he sees OSFI's loan-to-income (LTI) limit eventually replacing Canada's mortgage stress test. Such a decision would redraw the rulebook for lenders and brokers, since the LTI and stress test apply to borrowers quite differently. Here's what