Brokers making up for drop in refi business
Refinances may be down due to tightened lending guidelines, but brokers are turning to an old stand buy that has some worried desperate clients will be taken advantage of.
Broker: 2.99 promotion lacks major feature
That hotly-debated 2.99 per cent promotion from Industrial Alliance may, indeed, put standard commissions in the pockets of brokers using it to make waves in the market, but the absence of one key feature takes it off the table for others concerned it will disadvantage clients.
Broker frustrated by bank's 'mortgage vacations'
One broker is frustrated with having to explain the downside of taking “mortgage payment vacations” and is calling on the big banks offering them to come clean with their clients.
Bid to establish broker-run organization ramps up
An industry player has ramped up his effort to establish a national broker-run organization in the wake of widespread dissatisfaction with CAAMP’s recent changes to its AMP designation.
The 2.99 per cent five-year fixed is back
The rate that attracted Jim Flaherty’s scorn is back, with at least two mortgage brokers offering a 2.99 per cent five-year fixed rate mortgage.
Brokers' call for bank specialist regulation fails
Vehement calls from mortgage brokers for bank specialists to fall under the same regulatory regime have failed to convince Steven Del Duca, whose recommendations for the MBLAA review to Ontario’s Finance Minister called for the exemption to continue.
Broker podcast 'organically' grows business
An Ottawa-based broker uses his regular podcast to connect with and contribute to his community; and a welcome side-effect of his show has been the natural way it has helped grow his business.
MBLAA recommendations focus on higher education standards
The man tasked with reviewing the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) has presented his recommendations to Ontario’s Minister of Finance; with higher educational standards for agents and brokers among his chief objectives.
Video series paying off for broker
One broker took a chance on a new video marketing initiative and it’s already paying out in the form of an increase in business leads.
Deflationary trends created by idling home sales?
Brokers may have been right all along in suggesting the government has simply been too aggressive in its efforts to slow down the real estate market, with growing speculation among economists that the BoC will soon have to fight deflationary trends, in part fueled by idling home sales.