Broker forecast: Banks have advantage in 2014
One leading broker is staring into his crystal ball and forecasting another year of competitive advantage for the bank branch in one or two key areas.
Broker shares wish list for industry in 2014
With a new year upon us, brokers each have a wish list of things they’d like to see happen in the mortgage industry, although one leading player is hoping for as little change as possible. At least in one area.
Big things on the horizon for O'Leary Mortgages?
O’Leary Mortgages is mum on how the business is faring in the choppy waters of the current market other than to suggest it will make big waves of its own in 2014.
Broker fears particular rule change
Brokers are fearing further mortgage rule changes, especially any that would disrupt the flow of “cheap" but increasingly necessary money into the market.
Broker: gift letters good for the market
Brokers fear any further mortgage rule change, but especially any tweak that would close the taps on an increasingly important source of "cheap money" for clients.
Plan is set to have Equity Financial's CEO reinstated
Smoothwater Capital will participate in a special shareholders meeting for Equity Financial Trust in March with the intention of removing seven of its nine directors and appointing three new ones – including recently ousted Nick Kyprianou.
Broker fears CMHC downsize
While brokers doubt the ability of Canada’s independent mortgage insurers to pick up the slack if the government downsizes CMHC’s mandate, they’re much more certain about the kind of effect that move would have on their business.
Call by rivals for CMHC to hike premiums: To what effect?
Globe & Mail sources report that Genworth and Canada Guaranty are encouraging the Canadian government to raise CMHC premiums. What effect will this have on clients and the brokering industry as a whole? Not much, says one player.
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.