For the protection of the general public the FFMA regulates both companies and individuals who both run services for the purpose of selling and advising on mortgages. This definition includes, home purchase and revision plans. We have introduced new regulations that protect the dealer, advisor and the consumer as well. It is important for all parties to act in a manner that will not risk the integrity of the market. When a mortgage broker or advisor bears the FFMA signature you know that you are in good hands.
The mortgage industry ran into trouble by allowing people to take out mortgages that they could not afford. This policy led to a massive bust leaving many in debt and without homes. We have gone to great lengths to ensure that when you take out a mortgage, you can afford it and that the mortgage is appropriate for your needs.