Profits up, claims down for mortgage insurer
First quarter profits are up while claims and defaults are down for one of Canada’s leading mortgage default insurers.
CMHC cuts two programs
The Canadian Mortgage and Housing Corporation (CMHC) announced Friday it is axing two of its insurance programs, signalling to brokers that the era of rule tightening isn’t quite over.
Broker welcomes news coverage and competition
Brokers are often frustrated by the amount of media attention paid to the mortgage industry – and specifically, the big banks’ ever-looming sub three per cent offerings – but one player uses it to educate clients.
Top independent brokerages take a bow
Truly independent brokerages are an increasingly rare breed in the broker channel, with CMP now highlighting their accomplishments and, indeed, their tenacity.
Expect an influx of business: Broker
One broker is preparing for an influx of business prior to the official implementation of OSFI’s Guideline B-21 Residential Mortgage Insurance Underwriting Practices and Procedures.
Market on 'subdued trajectory'
ScotiaBank delivered some less-than-optimistic news to mortgage brokers and those who depend on the housing industry for their livelihood.
Sales bounce back in March: CREA
Homes sales have started to bounce back from a relatively cool winter market, with Canada seeing a 4.9 per cent year-over-year sales increase in March.
Lawyers charge more for monoline files: Broker
One broker is hoping lenders better streamline their documentation process after a number of law firms began charging clients more to deal with files that come from monolines than their bank counterparts.
How to prepare for upcoming anti-spam law
A new anti-spam law – that will require express consent of newsletter subscribers – will come into effect July 1, 2014 and brokers who currently disseminate newsletters are scrambling to become compliant. One broker offers his tips.
President of O'Leary Ventures offers explanation
MortgageBrokerNews.ca spoke with the president of O’Leary Ventures who explained the decision behind shutting the doors on O’Leary Mortgages.