We recently chatted with Andrew Moor on a variety of issues that included the subprime market, competition for deposits, and prospects for mortgage brokers.
Andrew is President and CEO of Equitable Trust, a federally regulated lender in the alternative mortgage market since 1970. Prior to joining Equitable, Andrew was President and CEO of Invis Inc., one of Canada’s largest mortgage brokerages, as well as Chairman of the Canadian Association of Accredited Mortgage Professionals (CAAMP).
Andrew’s diverse experience and industry prominence always make his viewpoints noteworthy.
Subprime defaults are minuscule in Canada so there is plenty of money to be made. The subprime panic shellshocked a lot of people but investors will warm up to Canadian subprime once again. Just give it time. Companies like Equitable, Home Trust and others will do very well.
From a capital markets perspective we’re already seeing a small number of investors slowly wade back into commercial paper. I certainly think that we’ll see more Alt. A products in the year to come.
To the editors,
Just writing to say well done. I’ve been following off and on for a year and notice that your articles and interviews are always very timely.
Rick
Much appreciated Rick. Thanks for reading, Rob