CMB MAGAZINE cmba-achc.ca spring 2019 | 5
inside
VO LU M E 4 I S S U E 2 S P R I N G 2 0 1 9
11 MAE: Mortgage Awards of Excellence
e best and brightest in Canada's mortgage industry will be
honoured May 2
BY LISA GORDON
12 Open Banking: CMBA's View
Why the mortgage industry has to be part of the discussion
over the advent of open banking
BY SAMANTHA GALE
16 CMBA-BC Conference Highlights
Recapping the Fundamentals 19 Conference and Trade Show
in February
24 Shielding from Borrower's Remorse
Consciously protecting against unconscionability BY RAY BASI
25 Provinces and Municipalities Key to
Avoiding Housing Bubble
Cities with restrictive zoning, building codes and trades
regulation are the ones most prone to demand/supply distortions
BY VINCENT GELOSO
26 Getting Your Deal Approved
Private lending tips for mortgage brokers BY CHRISTINE PERKINS
30 Beware the Bad Actors
A self-described mortgage broker gets three years in jail
BY RAY BASI
33 Undoing Fraudulent Conveyance
How the courts treat transfers of property to avoid debt obligations
BY RAY BASI
36 Meet Camilo Rodriguez
Driven by his passion for the financial services industry,
the president of CMBA-BC is focused on a collaborative
approach
BY LISA GORDON
38 Finding Common Ground
A new association, BAREA, harnesses technology and best
practices to simplify residential real estate appraisals
BY LISA GORDON
40 Meeting the Challenge
Cricky Smith helps homebuyers while giving back to the
community
BY LISA GORDON
42 At Odds with Itself
e 2019 federal budget is full of contradictions
BY JASON CLEMENS AND JAKE FUSS
45 Acceptable Foreclosure Sale Prices
What sale efforts are enough? BY RAY BASI
SO FAR, SO GOOD
Three years after New Brunswick introduced its Mortgage Brokers Act and began
issuing licences, the industry is adapting, and growing up
BY BRENDAN MUNRO
20
cover
features
departments
8 Editorial Summary
46 Advertisers Index
columns
18 Legal Ease: Gifts and Unjust Enrichment
BY RAY BASI
Bridge to Pays de la Sagouine,
New Brunswick
