Ontario Mortgage & Real Estate Insights Podcast
We cover the daily developments, trends, and regulatory changes affecting the industry, powered by an AI Steve Hamoen. Get insights sourced from reputable news outlets to help you stay informed and make well-informed decisions.
Ontario Mortgage Trends, Legal Cases, and FSRA's Consumer Protection
In this episode, we kick off with an introduction and a look at current mortgage market trends, followed by a sponsor message from Real Approved Inc. We then discuss the Ontario Superior Court's involvement in the Sussman Mortgage Funding case, highlighting its implications for the industry. The conversation moves to the Financial Services Regulatory Authority's efforts to enhance consumer protection in the mortgage sector. The episode concludes with closing remarks and a reminder of our sponsor, Real Approved Inc.
Key Points
- Fixed mortgage rates are increasing and variable-rate discounts are decreasing, signaling a significant shift in the mortgage market.
- The Ontario Superior Court of Justice has appointed B. Riley Farber as the receiver for Sussman Mortgage Funding Incorporated due to allegations of serious wrongdoing.
- FSRA's efforts to protect consumers and investors highlight the importance of regulatory oversight in maintaining financial safety and fairness in the mortgage industry.
Chapters
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Transcript
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