FAAN Mortgage Administrators Inc. (“FAAN Mortgage”) has been engaged by Building & Development Mortgages Canada Inc. (“BDMC”), in consultation with the Financial Services Commission of Ontario (“FSCO”), to assume responsibility for the management of all BDMC’s mortgage administration duties in respect of the syndicated loans for which BDMC acts as Administrator under Ontario’s Mortgage Brokerages, […]
FAAN Mortgage Administrators Inc. (“FAAN Mortgage”) is a dedicated team of finance professionals and is a licenced mortgage administrator under Ontario’s Mortgage Brokerages, Lenders, and Administrators Act, 2006. (FSCO Administrator Licence Number: 12995)
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TORONTO, Feb. 2, 2018 /CNW/ – The Financial Services Commission of Ontario announced today a settlement between the Superintendent of Financial Institutions and Building & Development Mortgages Canada Inc. (BDMC). Details of the order that was issued on consent can be found on the FSCO website. As a result of that settlement, BDMC has stopped all mortgage brokerage activities. BDMC has also […]
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