Ontario's largest credit union (Canada's 2nd biggest) has pulled most of its products from the broker market. That includes popular offerings, like: * Contract rate qualification mortgages (which aren't stress tested the same as bank mortgages, allowing customers to qualify for bigger loans) * Uninsured HELOCs (including Meridian's 70% #LTV# revolving HELOC,

Banks across the land have been notifying customers of changes to their #readvanceable# mortgages. Some of these notices appear written to create mass confusion. We've talked to a sampling of customers who got these letters and swore they were reading an alien dialect. Many are utterly bewildered by what's happening—

WealthOne Bank of Canada is one of the most competitive near-prime lenders. So, it was concerning to hear that it's under Finance Minister Chrystia Freeland's microscope. Her scrutiny of the company was reported by the Globe this weekend. In a nutshell, the DoF made the company jump through all sorts

"HSBC Canada offered market-leading rates," the Competition Bureau wrote today, with respect to RBC's bid for the company. Observe the word "offered" — in the past tense because, barring a miracle deal blocker from the Minister of Finance, Canadians may soon never see HSBC's leading rates again. The Competition Bureau has