Source: REDX to cease recording AMP activity
Teranet -- the people behind the REDX database -- will stop the controversial practice of recording brokers who drop the AMP designation, according to one network head, himself a victim of the policy.
Refi business drops 81 per cent
While CMHC heralded its third quarter results Friday, it glossed over a whopping 81 per cent drop in refinances, leaving brokers to quantify the impact on their clients and their bottom lines.
New tool makes it easier to collaborate on deals
A licenced mortgage broker has built a new system that may revolutionize the way brokerages collaborate on deals.
Affordability gap continues to grow
The Royal Bank of Canada released its Housing Trends and Affordability report on Wednesday indicating slight deterioration of affordability across all Canadian regions; though not enough to create turmoil in the market.
Brokers react to Poloz
In the wake of Stephen Poloz’s announcement that he believes Canada will avoid a housing bubble, brokers may agree but they are still wary of any future interference by Finance Minister Jim Flaherty.
Usual breakdown missing from CAAMP report
CAAMP released its fall report earlier this week indicating that brokers have enjoyed an increased market share compared to their banking counterparts; but missing from this year’s survey is the usual breakdown into new originations and renewals. MortgageBrokerNews.ca asked the economist behind the report to explain.
Another rate site has brokers frustrated
Whispers of a new rate site being backed by a deep-pocketed company have made their way across the industry, leaving some brokers frustrated.
CAAMP: brokers gaining market share
The Canadian Association of Accredited Mortgage Professionals (CAAMP) released its annual fall survey report on Tuesday which indicated that brokers are quickly gaining valuable market share on their banking counterparts.
Bozic on Flaherty
One of the industry’s most influential thought leaders pulled no punches last Thursday when he was featured on the Canadian Mortgage Hangout (#cmhTV) – especially when talking about Finance Minister Jim Flaherty’s recent threats to intervene in the housing market once again if necessary.
CREA: Markets declined in October
The Canadian Real Estate Association (CREA) released its monthly numbers for all of Canada and – true to its forecast released last month – Canadian home sales have dropped in October 2013.