After a 15-year marathon in the prime mortgage space, Home Trust is tossing in the towel. The company—best known for being a non-prime mortgage leader—is canning its Accelerator prime mortgage lineup, effective November 15. It made the announcement to brokers on Tuesday. According to an insider, the move

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

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

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