Canadian Mortgage Brokers Have “Riskier” Clients, Exploited For More Profit: BoC

Canada’s central bank’s latest research paper has mortgage brokers in its crosshairs. The Bank of Canada (BoC) just released a staff paper on mortgage intermediaries (brokers). In the working paper titled the Role of Intermediaries in Selection Markets: Evidence From Mortgage Lending, they compare broker-client outcomes to branch borrowers. The researchers found that broker-clients are […]