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Mortgage and Valuation Fraud: Prevention Tips from the Appraisal Institute of Canada

OTTAWA, March 3, 2015 /CNW/ – March is Fraud Prevention Month and the Appraisal Institute of Canada (AIC) would like to remind Canadian consumers, lenders, mortgage brokers, lawyers, appraisers and anyone else relying on an appraisal, to be diligent about potential valuation fraud that may occur during the mortgage financing process. Valuation fraud is the misrepresentation of an appraisal …

Higher rates lead to drop in mortgage applications

It didn't take much to stem the miniboom in mortgage refinancing. Slightly higher interest rates brought total loan application volume down 9 percent last week, according to the Mortgage Bankers Association …

Self-employed? How to get a mortgage

Being your own boss can come with a host of perks such as setting your own dress code (read: pajamas), a flexible schedule and a cubicle-less existence. But one financial benefit — tax write-offs — morphs into an ugly disadvantage when self-employed workers try to get a mortgage.