With the consultation process for FICOM’s proposed Form 10 disclosure changes winding down, one broker – and former banker – argues the regulator hasn’t provided a sufficient explanation as to why exactly it feels the change is necessary.
“We need to determine why FICOM is after mortgage broker’s commission disclosure. FICOM never disclosed the real reasons behind their actions,” Walid Hammami, a broker with Dominion Lending Centres, told MortgageBrokerNews.ca. “If they want to protect the consumer they should then be unbiased.”
JUSTIN DA ROSA – Mortgage Broker News – January 28, 2016.
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