Last month, Scotiabank shelved its pilot subprime venture The Mortgage Authority (TMA). In their announcement, Scotia said they’ve “decided to limit any further expansion in the non-prime market segment.”
If you’re an AMP mortgage agent and want more words behind your name, you can now elect to be called a “Residential” and/or “Commercial Mortgage Specialist.” Only the commercial designation has any significant standards, however. The “Residential Mortgage Specialist” title can be had with just an AMP and a signature– and therefore seems relatively meaningless.
Need help understanding Ontario’s new mortgage regulations? IMBA training has it covered.
Press ESC to close
Get The Latest News
Join our mailing list to receive the latest news and updates as they happen. Unsubscribe any time.