Bridging the Gap Between MICs and Brokers
They’ve been around since the early 70s, but for many—the public and brokers alike—Mortgage Investment Corporations remain relatively unknown.
But work is underway to change that.
There’s no denying Mortgage Investment Corporations, or MICs, have come a long way since their inception by the federal government in 1973 through the Residential Mortgage Financing Act.
And thanks to new government regulations that are making it harder for borrowers to qualify at federally regulated lenders, they are more relevant than ever.