Street Capital has recently informed the CMEA that it is ending its affiliation programs.
Street Capital Bank of Canada launched the Affinity Mortgage Program in 2015. They built the program with the belief that they could meet the needs of affinity partner members in a mutually beneficial manner. To date, the market response to the program has been significantly less than anticipated. When coupled with the recent regulatory changes implemented by the Federal government, they have experienced unsustainably low volumes. Consequently, they have made the difficult decision to wind down their affinity mortgage program.
Street Capital has ceased marketing their program but has assured us they will honour any existing agreements or applications existing pipeline or generated between now and 1 June 2018.