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A key partner for mortgage brokers is asking them to help protect aging clients from a growing phenomenon – one with the potential to compromise financial security.
Brokers are scratching their heads after a CBC radio program about mortgages appeared to lump monolines and brokers together with shadow lenders.
CAAMP has been criticized by broker members for years for publishing ads commending the skills of AMP brokers specifically, and a new national campaign expands that message; but that doesn’t mean it’s done with its AMP-focused campaigns.
The current economic climate is expected to draw a number of one type of client, but it isn’t the kind brokers will cash in on.
It's one thing to read about the ever-increasing housing prices in Toronto; it's another to see a side-by-side comparison of how key neighbourhoods have been transformed in very little time.
Misguided information is causing an increase in the number of rate shoppers who aren’t quite sure what to make of the recent Bank of Canada rate cut, according to industry players.
They make great referral partners; still, brokers feel this one type of lender is shutting them out of the origination process.
Be careful what you wish for – brokers hankering for standardized mortgage penalties could be undercutting one clear advantage they have over the banks.
The most recent Bank of Canada rate cut highlights the current risks to the Canadian economy, according to one organization, arguing the housing market is 20 per cent overvalued.
Renewed frustration around lender penalties have forced one broker to make a FSCO complaint, but is it really time for Canada-wide regulation?