BoC researcher replies on broker study
In February, MLN covered a Bank of Canada-published study on how mortgage brokers "steer" customers into riskier loans because it is "more profitable" for the broker. (Here's that story)
The paper even went so far as to suggest brokers should be better regulated to thwart this practice.
Well, our story seems to have caught the eye of the Bank of Canada and Professor Robert Clark, a co-author of that study and Steven J.R. Smith Chair in Economic Policy at Queen's University.
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