What is an Orphaned Mortgage? Orphan mortgages in Canada.
Once upon a time, a New Mortgage Lender was established in Canada. This New Mortgage Lender was designed to lend on ‘out of the box’ cases (also dubbed ‘B’ mortgages, Alt-A or Sub-prime mortgages) where a client that didn’t exactly conform to the general underwriting rules and requirements of ‘A’ mortgage lenders could still be [...]
December 20, 2011