20 | fall 2015 mbabc.ca MORTGAGEBROKER
FROM TIME TO TIME various law and policy
makers from jurisdictions across North America consider
the concept of requiring mortgage brokers to disclose
to borrowers the details of any originator compensation
received from lenders. We need to ask whether this is a good
idea. Requiring detailed compensation disclosure makes
intuitive sense: more information provided to mortgage
consumers can only assist them in their mortgage shopping
process. In addition, it enhances transparency, and it is
hard to argue against enhanced transparency.
BY SAMANTHA GALE
Revealing broker compensation fails to benefit —
and actually harms — mortgage consumers
INDECENT
DISCLOSURE
FORM 10
