mortgage fraud Archives - Mortgage Rates & Mortgage Broker News in Canada

The growing risk of mortgage fraud and how to protect clients

June 27, 2024 1 Comment

Helping to safeguard clients against fraud has become an important component of a mortgage broker’s toolkit, and for good reason.

Experts say title and mortgage fraud are fast growing in Canada and homeowners should take steps to protect their properties — and their identities. A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette Experts say title and mortgage fraud are fast growing in Canada and homeowners should take steps to protect their properties — and their identities. A person walks past multiple for-sale and sold real estate signs in Mississauga, Ont., on Wednesday, May 24, 2023. THE CANADIAN PRESS/Nathan Denette

Homeowners, realtors should take steps to protect against title fraud: experts

March 17, 2024 1 Comment

It’s been years since you finished paying off your mortgage, so the letter in the mail from a bank saying you’re in default and now owe money comes as a shock.

Latest in Mortgage News: Are fixed mortgage rates about to take another leg higher?

August 3, 2023 No Comments

There’s speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further.

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.

2022 National Mortgage Conference: An opportunity to discuss key industry topics

October 12, 2022 No Comments

Mortgage brokers need to constantly reinvent themselves in today’s constantly evolving housing market.

Latest in Mortgage News: Economic Slowdown Hitting Alternative Lenders Hard

July 28, 2020 2 Comments

The COVID pandemic has taken a toll on many aspects of Canada’s mortgage industry, but none more so than private lenders, which have seen a

Latest in Mortgage News: Stress Test Rate to Drop

May 15, 2020 No Comments

Thanks to a reduction in some Big-Bank posted rates in recent days, Canada’s mortgage stress test rate will fall as early as next week. Both

Combatting Mortgage Fraud: Scrap The Status Quo

October 4, 2019 1 Comment

Canada’s conservative nature means that we have a tendency to abide by the status quo, remaining committed to tradition and the processes that have historically

Cease and desist order against BC mortgage broker

B.C. Regulator Shuts Down Unlicensed Broker with $500M in Volume

June 4, 2019 No Comments

An unlicensed B.C. mortgage broker accused of arranging half a billion in mortgages for hundreds of clients has been issued a cease-and-desist order by the

Opening New Doors for Fraud Tipsters

November 20, 2018 1 Comment

RECA makes flagging fraud easier with launch of online anonymous reporting With its fraud investigation numbers rising in recent years, and a concern there may

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