Regulators Act Against Bad Mortgage Advice: New Broker Guidelines on the Horizon
Ontario's mortgage broker regulator (FSRA) feels mortgage shoppers need more protection from bad advice. So it commissioned this survey, which it plans to use when developing new broker guidelines this fall.
Mortgage suitability is also on the radar of other provincial regulators. We have comments from some of them below.
But first, here's what FSRA's survey revealed...
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