Sentences with phrase «with syndicated mortgages»

Additionally, the CSA wants to introduce changes to certain existing prospectus exemptions to address specific concerns with syndicated mortgages, including revisions to the offering memorandum exemption to provide heightened disclosure for investors.

A crackdown in Ontario last month put the spotlight on these products when the province's financial services regulator issued $ 1.1 million in fines against four parties that were involved with syndicated mortgages for real estate development projects in which Ontario - based Fortress Real Developments Inc. was a developer or development consultant.

Not exact matches

A recent article by Washington Post syndicated columnist Ken Harney described the ideal candidate for a 10 - year loan: mid-50s to early 60s with good credit, decent income, significant home equity who wants to pay off their mortgage before or near their retirement date.

An Ontario Mortgage is with a private individual or syndicate who has the net capital to invest and believes that an investment in fixed property is sound and offers a better return than is available from a bank.

Syndicated mortgages should definitely be considered a riskier investment so, just like with stock purchases, you'll need to dig deep to determine if the fundamentals of the project and the subsequent mortgage are strong.

In Ontario, only mortgage brokers and agents licensed with the Financial Services Commission of Ontario (FSCO) can engage in syndicated mortgage transactions on behalf of a brokerage, and only licensed mortgage brokers (not agents) can sign the required investor / lender disclosure statement forms.

The mortgage structure can vary and mortgage brokers may either put together their own syndicates from a regular pool of investors, develop their own syndicated mortgage product that brokers can bring clients to, or deal with a company that underwrites a project after putting it together and then rely on one or more mortgage companies to raise the funds.

A B.C. mortgage broker interviewed by REM says that a syndicate might also step in because the pre-sales have not reached the level the bank feels comfortable with.

Saeed says that because syndicated mortgages come with risk, his firm requires that investors seek legal advice to understand what they are contracting to.

«Three years ago, we had 20 to 24 projects (that were financed with syndicate funds) and now we have 72,» says Asad Saeed, sales manager for FDS Broker Services, an Ontario - headquartered mortgage broker that deals in syndicated mortgages across Canada.

Syndicated mortgages are growing in popularity but they come with investor cautions for mortgage brokers putting them out there.

Passive investment opportunities, such as second mortgage investments and syndicated mortgage investment opportunities, provide families with alternatives to «big bank» GICs and mutual funds while concurrently providing principal - protection and additional cash flow.

I was an LO for decades before I began writing syndicated mortgage columns, and my husband is still in mortgage lending — has worked for big companies like B of A and Countrywide and smaller local companies, and I can tell you that there are no advantages specific to going with a bigger company.