News
Rise in mortgage defaults predicted by bank watchdog amid Trump tariffs, war in Iran
7+ hour, 45+ min ago (583+ words) Office of the Superintendent of Financial Institutions'predicts residential mortgage loan arrears or defaults will rise over the next two years.' "The market is certainly predicting higher interest rates," said OFSI head Peter Routledge, "which will translate into higher borrowing rates,…...
Mortgage sector hit hard by Ontario regulator for fraudulent documents, licence issues and other infractions
1+ week, 1+ day ago (687+ words) FSRA enforcement action grew in the 2024-2025 fiscal year, with 100 enforcement actions initiated, up from 65 the previous year." Of thirty-two investigations undertaken by the Financial Services Regulator Authority of Ontario (FSRA), 21 were in the mortgage sector." Ontario's financial regulator is ramping…...
My home equity line of credit is destroying my finances
1+ week, 2+ day ago (1086+ words) In a worst-case scenario, missing payments'could mean losing your home altogether. With household debt at a record $2. 6 trillion, many Canadians are desperate for solutions to help cover their expenses,'and some are using their homes as collateral'to borrow the cash....
Better Home & Finance, Coinbase to offer mortgage backed by cryptocurrencies
2+ week, 5+ day ago (485+ words) Prospective homebuyers who have invested in certain cryptocurrencies will be able to use their holdings as collateral to fund their down payment on a home as part of a new mortgage offering. Real estate services company Better Home & Finance Holding…...
From mortgage costs to utilities, developers getting creative with incentive offers
3+ week, 8+ hour ago (1087+ words) New homes are constructed in Ottawa on Monday, Aug. 14, 2023." If lower interest rates can't push homebuyers off the sidelines, perhaps a year's worth of free borrowing costs will. That's the hope for one developer whose offer joins a growing list…...
Refinancing your mortgage? Here's why you need a lawyer before blindly signing anything
3+ week, 2+ day ago (736+ words) Refinancing a home may feel routine, writes Bob Aaron, but it is not trivial. The efficiency of online "closing centres" comes at a cost to the consumer: less scrutiny, less explanation, and less accountability. Sooner or later, anyone who owns…...
Her home was completely paid off, then a letter from Home Equity Bank claimed she owed more than $400, 000 thanks to a reverse mortgage she says she never took out
4+ mon, 3+ week ago (1770+ words) In 2022, Darlene Early learned she had been the victim of an elaborate and co-ordinated string of scams that culminated in her being saddled with a mortgage that she said she never signed up for. Home Equity said the alleged fraud…...
Fixed mortgage rates up dramatically since start of Iran war " and they're unlikely to drop soon
4+ week, 7+ hour ago (739+ words) Canadians are seeing double-digit basis point hikes as the bond yield responds to rising oil prices. Fixed mortgage rates are up dramatically as the bond yield responds to rising oil prices. Fixed-rate mortgages are in for a bumpy ride as…...
February home sales fell but CREA still hopeful for strong spring market
4+ week, 1+ day ago (258+ words) A real estate sign is shown in Vaughan, Ont. on Thursday Sept. 12, 2024. The Canadian Real Estate Association says home sales in January were up 2. 9 per cent compared with a year earlier, but noted that fell off at the end of…...
n Cino Launches Doc VOI to Help Lenders Automate Document-based Income Verification
4+ week, 2+ day ago (263+ words) Toronto Star WILMINGTON, N. C. , March 16, 2026 (GLOBE NEWSWIRE) " n Cino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced the launch of n Cino Doc VOI powered by Argyle, a new feature within the n Cino Mortgage Solution…...