income verification Archives - Mortgage Rates & Mortgage Broker News in Canada

Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO

October 24, 2024 1 Comment

Recent mortgage reforms introduced by the federal government, while a step in the right direction, aren’t enough to fully address Canada’s growing housing affordability crisis, according to Lauren van den Berg, CEO of Mortgage Professionals Canada.

Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

April 12, 2024 8 Comments

The federal government today confirmed plans to consult with the mortgage industry on developing income verification tools through the Canada Revenue Agency.

House of Commons Standing Committee on Finance

Mortgage industry reps provide feds with proposals to address housing affordability

November 10, 2023 3 Comments

Representatives from Canada’s mortgage industry presented the federal government with several proposals they say will help address the country’s housing affordability crisis.

Housing affordability challenges raising risk of mortgage fraud

Housing affordability challenges leading to increased risk of fraud

March 28, 2023 No Comments

With higher prices and interest rates putting the dream of homeownership further out of reach studies suggest Canadians are more comfortable inflating certain details of their mortgage application — a form of fraud that could have serious legal ramifications.

Equifax Launches Income Verification System

January 23, 2018 12 Comments

Lenders across the country are trying to build their own versions of the evolutionary, if not revolutionary, Rocket Mortgage. But there’s one problem. Unlike in

income verification

Mortgage reforms alone won’t solve housing crisis, says Mortgage Professionals Canada CEO

Feds commit to exploring CRA income verification in budget 2024 to address mortgage fraud

Mortgage industry reps provide feds with proposals to address housing affordability

Housing affordability challenges leading to increased risk of fraud

Equifax Launches Income Verification System

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