Equitable Bank to Stop Originating Prime Mortgages Through Brokers

Also in this edition:
• OSFI Boss Steadfast on Stress Testing Switches
• U.S. CPI Pounds Yields Lower
• Fed's Patience Game Continues
• Mortgage Bytes

For "Canada's Challenger Bank," insured single-family mortgage lending was apparently too much of a challenge.

Equitable Bank is following in competitor Home Trust's footsteps by tossing in the towel on insured mortgage originations through brokers.

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