855 55 FUNDS
855 55 FUNDS
Private mortgages soar in popularity, are ripe for investment According to a report released this week, private lenders funded 20% of mortgage refinances in the second quarter of this year, highlighting how profitable mortgage investment is becoming. The joint report between Teranet and Realosophy also revealed that private mortgages during Q2 2018 jumped 67%…
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The Office of the Superintendent of Financial Institutions is looking to regulate equity-based mortgages, and that could adversely affect Alt-A banks. “As OSFI regulates schedule A banks, this will not affect private lenders, but will affect many of the trust companies that brokers have come to rely on for more flexibility, such as Haventree…
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Fresh off the heels of making the 2018 Growth500 list with over 610% growth over the past 5 years, Matrix Mortgage Global celebrated the launch of CAPL (Canadian Administration Of Private Lending) at D.W Alexander with the Caped Crusaders himself: Batman. The city was abuzz as social media went into a frenzy, tweets and hashtags…
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According to a joint study by Teranet and Realosophy, 20% of refinances during the second quarter of 2018 were with private lenders. “The most likely reason is B-20,” said John Pasalis, president of Realosophy. “Generally, if people are going there, with the increase we’ve seen, it’s because it’s tougher to qualify for a refinance at a traditional…
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