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Bank of Canada Releases Guidance on Retail Payments Activities Act | Blake, Cassels & Graydon LLP

The Bank of Canada (BOC) has released the first segment of its long-awaited guidance in respect of the application of the Retail Payments Activities Act (RPAA), dealing with the. ....

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Best Ex, Marketing, Non-QM, Accounting Products; Training and Webinars; 40 Percent Own Homes Outright

When you own your own home, you don’t have to deal with unreasonable landlords. (Warning: uncensored.) And then there are those who own their own homes that have no mortgage: almost 40 percent of Americans own their places outright, an all-time high. Do you think that you could live in 200 square feet? There are tiny homes, and then there is this place that kind of folds up! (Thank you to Arch’s Sharon K. for sending this along.) Meanwhile, among lenders there are many reports of, what is in effect, pick-a-pay, when the “referral” source is moved within the company. LO comp is still an issue, as brokers can have different comp plans but LOs can’t. Pre-approvals and pre-quals off the chart, but there is no inventory. Multiple bids are occurring in many areas and price points. In the wholesale channel, smaller companies can’t out-price the “big guys,” so instead are focusing on service and products. And here come the holidays! (Toda ....

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