Mortgage Broker

Winter 2015

Mortgage Broker is the magazine of the Canadian Mortgage Brokers Association and showcases the multi-billion dollar mortgage-broking industry to all levels of government, associated organizations and other interested individuals.

Issue link: http://digital.canadawide.com/i/453667

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MortgageBroker mbabc.ca winter 2015 | 5 21 New Brunswick Prepares to Regulate Mortgage Brokers MBABC provides input on mortgage broker licensing and fees in New Brunswick By Samantha Gale 26 Assumptions of Mortgages Sellers, buyers and lenders need to protect their interests when a mortgage is assumed By Ray Basi 28 New Securities Structure New legislation leaves room for B.C. regulation of industry By Samantha Gale 30 Lose the Battle, Win the War When a notary misappropriates mortgage monies, whose money is lost? By Ray Basi 33 Myths, Misconceptions & Misunderstandings Insight and perspective on how appraisers determine accurate market value By Janice O'Brien 37 MBABC Trade Show and Conference Celebrating the 25th anniversary: All you need to know about events on the schedule 41 Disclose with Care Two class-action lawsuits have been filed in B.C. for breaches of cost-of-credit disclosure rules By Samantha Gale 42 Fraud Alert Regardless of the sophistication of the scam, a mortgage broker needs to heed red flags By Ray Basi 46 Online Dispute Resolution New tribunal enables Internet-based dispute resolution in 2015 By Samantha Gale departments 10 Board of Directors 12 Update: News for mortgage brokers 14 Letters to the Editor: Views on current topics 44 In Court: Regulators in action columns 7 Report from the President 9 Report from the CEO 39 Legal Ease Defining Mortgage Brokering MBABC proposes changes to prevent unregistered or unlicensed mortgage broker activity By Samantha Gale 16 features contents VO LU M E 2 1 I S S U E 1 w I N t E R 2 0 1 5

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