In Canada and the U.S., mortgage fraud is on the rise. A U.S. study found that one in 109 mortgage applications contains some fraudulent information. In Canada, Equifax reported in…
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With interest rates increasing and new mortgage regulations making it harder to consolidate debt through refinancing, we may soon see a spike in mortgage defaults. Is your collection department ready?…
In 2018, York Region saw the highest percent of refinanced mortgages sourced from private lenders in the GTA. Of the five GTA regions, York Region had 21%. The next highest…
An optimized underwriting process can lead to: Catching problems earlier. Identifying upsell opportunities. Building better partner relationships. And ultimately closing more deals. Is your process optimized? Check out our guide…
From 2016 to the second quarter of 2018, detached homes without a sale took the bulk of private lending activity. 49% of private lending volume went to these types of…
Manulife announced in early October 2018 that they are revamping their mortgage product line. This includes: Readvanceable mortgages so borrowers looking for HELOCs can automatically have equity added to their…
When looking at demographic trends for private mortgages over the last two and a half years, Generation X (39 – 53 years old in 2018) has remained the largest group…
20% of refinancing mortgage transactions (defined as mortgages registered on a property that did not involve a sale) during the second quarter of 2018 were sourced from private lenders –…
We are excited to offer a brand new, free resource for Canadian mortgage lenders from our team at Purview. Evaluating Your Portfolio in an Uncertain Market: An eBook for Lenders…
Teranet Inc. announced on June 25, 2018 that its affiliated entity, CM Solutions Inc., has entered into a definitive agreement with D+H Corporation to acquire all of the issued and…
