CMHC raises premiums
CMHC is increasing its mortgage insurance premiums for homeowners and 1-4 unit rental properties effective May 1, 2014.
Network head: Alternative lending key to success
Brokers prepared to dismiss B and C lending may be handicapped in 2014, with one major network head suggesting those brokers who embrace alternative lending will find themselves at the head of the pack.
Broker not intimidated by rate sites, buydowns
Despite increasing competition from rate sites and competitors buying down rate, one leading broker sees the changing industry landscape as an opportunity to refocus business.
2.99 returns; sparks competition
Brokers are used to having the best rates available in the market but for now it looks like they’re being beat out by one local credit union; though it appears it may have sparked another “rate war,” with one leading broker offering a competitively priced product.
Broker: Look to China for ideas on cooling market
Hong Kong has found a novel way to cool its housing market and one broker believes a similar initiative could do the same in Canada.
Broker Network at the Super Bowl?
If you watched the Superbowl you probably noticed DLC’s ads -- certainly consumers did, according to the broker network.
CMHC cutbacks announced
The budget announcement quietly slipped in changes to government-backed mortgage insurance, including reductions to the amount of new guarantees CMHC will provide.
Groundwork set for small banks to enter market
The federal government’s vow to encourage greater competition in financial services will pave the way for a greater number of small companies to win banking licenses, according to one leading broker who believes that benefits both the industry and the consumer.
Industry player on how to handle press, good or bad
One industry player suggests all press about brokers is an opportunity to engage clients; his opinion coming on the heels of what many consider a negative story.
Broker calls for insurers to provide flagged properties list
One industry player is calling on the mortgage insurers to make a list of red-flagged properties available to mortgage brokers and Realtors, after a deal fell through in the 11th hour.