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Tag Archives: Private. Alternative

Private mortgages and “A” borrowers: A winning combination

There was a time, not too long ago, when mortgage investment corporations (MICs) and other private lenders were viewed as shadowy presences haunting the outer fringes of the mortgage industry, waiting to swoop in and take advantage of desperate borrowers by plying them with solutions whose mechanics (and fee structures) they couldn’t understand. Using a [&hellip…

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Non-bank lenders see spikes in mortgage arrears rate

Canada’s non-bank lending sector has seen its mortgages in arrears (over 90 days) spike by 20.13% annually, data from Statistics Canada showed. Non-bank lenders reported 4,392 mortgages in arrears in this category as of Q2, with a total balance of $1.08 billion (up 31.81% year over year). This accounted for 0.26% of non-bank lenders’ total [&hellip…

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