Brokers confident in monoline A-lenders
Brokers are expressing their confidence that most monolines will stay and fight increasingly competitive banks in the A market, despite one of their lender recently retreating from that space.
No surprises in CREA's latest numbers
Despite a summer housing market surge, home sale activity slowed in December – sparking a trend back to moderation that is expected to carry into 2014.
Brokers call for tighter bank regulations
One broker believes the banks are intentionally pulling the wool over customers’ eyes and is calling for a specific client signoff on collateral mortgages and not just at the time of signing.
A product for contractually employed homebuyers
A lender in the UK has established a mortgage product specifically tailored to contract employees, which has Canadian brokers clamouring for something similar here.
Lender jumps into Alt-A lending
A key broker lender in the A-space is now saying competition in that realm is part of the reason it has moved to focus on Alt-A lending.
Broker gets creative with lead chase
Ever-tightening regulations and ever-increasing competition from the banks are forcing the broker industry to get more creative when trying to chase leads and build business; which, for one broker, includes sharing leads with professionals he originally had an aversion to.
Internship program a success for one broker
A year on, one industry player boasts his unique internship program has a success rate that rivals more traditional methods of grooming brokers.
Broker: Expect tighter underwriting in 2014
One leading industry player foresees tightened mortgage lending regulations in 2014, which may affect the broker industry more than its banker rivals.
Broker: Buydowns have greater effect on broker networks
Rate buy downs affect broker networks more than they do individual brokers, suggests one leading industry player, and 2014 will foster even more of these types of deals as brokers try to compete in an increasingly competitive environment.
Brokers beware of young buyers driving Audis
Finance Minister Jim Flaherty said on CTV’s Question Period Sunday that he is monitoring the state of the housing market and is willing to intervene in the mortgage default insurance industry again if the need is felt.