Broker: don’t blame the lawyers!
One broker has carried out analysis of closing documents and come up with tangible reasons for why some monoline files saddle clients with extra fees
Lenders killing deals with eleventh-hour demands
A growing number of files are being sent back by lenders with demands for additional information but with too little time to meet closing, argues one industry veteran
Why brokers may envy a big bank
It’s a mortgage-related product brokers say they don’t have enough access to, and it’s one that has helped a Big-Six bank chalk up impressive quarterly profits
Declining mortgage business... for banks?
BMO is the first to release its quarterly figures, in the process throwing industry expectations for mortgage growth in doubt
BoC weighs in on housing market risks
What sort of risk does the housing market pose to the overall economy? It depends who you ask, but the Bank of Canada has now had its say
Housing still thriving despite recession… but for how long?
A Canadian economics professor is sounding the alarm, arguing Canada is, in fact, in a recession and that it will last longer than expected
Banks soliciting more than just Realtors for referrals
Brokers are increasingly frustrated by these big bank referral programs
Business affected by elections
It’s a small segment that punches above its weight, and it’s causing a lull in business for brokers in one major city
Economists take another jab at low rates
Core inflation is nearing a seven-year high, but should that prompt the government to consider raising the overnight rate? Economists seem to think so
Lawyer weighs in on extra monoline fees
A lawyer in one of Canada’s busiest housing markets is confirming a trend that costs some monoline clients more in legal fees, and he argues it’s up to his industry to change that