In the vast sea of non-OSFI-regulated non-prime lenders, the newly-launched Glasslake Funding is unique. For one thing, few can claim to have the backing it does. Glasslake is a wholly owned subsidiary of U.S.-based Bayview, a global investment firm with over $15 billion of assets under management. It

Hundreds of thousands of floating-rate mortgagors have one primary goal: maximizing monthly cash flow. For them, fixed-payment variable-rate mortgages are fantastic when rates are soaring —  not so much when rates are sinking. When the prime rate drops, these people also want their payments to drop.

A lot of mortgage brokers will be surprised it took this long. First Swiss, a private mortgage lender known for its seemingly insane high-fee, high-rate, 95%-LTV last-resort second mortgages, has gone belly up.   A receiver was appointed after the Financial Services Regulatory Authority of Ontario (FSRA) made a court

Last year, Jason Provencher, Vice President, National Sales at Bridgewater Bank, knew that surging borrowing costs meant his bank had to react or it would lose market share. “With the sharp rise in rates, less and less people are qualifying and there’s more stress on clients coming up for