Mortgage fraud: Beyond broker control
A disbarred Alberta lawyer has earned a two year prison sentence for committing mortgage fraud, among other felonious activities – and what, if anything could a broker have done to stop her?
Lender moves to attract brokers
British Columbia-based financial services company will shed both its name -- North Shore -- and its “credit union” moniker in a rebranding effort; which may make it easier for brokers to sell clients on its offerings.
Brokers call for stricter education requirements
Brokers, who have dealt with the fallout created by inexperienced peers, are calling for stricter education requirements for incoming mortgage professionals, even as Ontario reviews its regulations.
Scotiabank: Market to slow in 2014 but are brokers sold?
Scotiabank has stared into its crystal ball and seen a slow market in 2014 due to interest rate hikes and stunted job growth, though brokers may not be willing to accept the prophecy as gospel.
OSFI head: Low rates creating false sense of security
The head of the federal bank regulator says she remains concerned that low interest rates are lulling Canadians into a false sense of security – her comments suggesting OSFI could still ratchet down already-tight underwriting.
Brokers blame busy August for slow September
September is traditionally a busy month for brokers, but summer’s end has been slow for some following a busy August that saw rate-holders flood the market.
Brokers bolster credibility in the media
Leading brokers regularly featured in the Toronto media suggest that with that exposure comes an obligation to bolster personal and industry credibility with straight talk focused on objective advice and avoiding unnecessary hype.
Brokers warn against dual licensing
Brokers offering a cautionary note about dual licensing after one such industry player had his broker license suspended for five years.
Brokers share thoughts on business growth
For a new broker, the hardest part may be branching outside the pool of friends and family to reach a larger client base – but coming from an industry known for its social aspect surely helps.
REMIC makes MBLAA recommendations
The Real Estate and Mortgage Institute of Canada (REMIC) has now delivered the recommendations of a 1,000 brokers to the man responsible for leading the review of Ontario’s MBLAA, with concerns about a potential double-standard high on the list.