One leading economist is warning that any more mortgage rule tightening would negatively impact the entire economy, following speculation that the Canadian government is considering more rule changes meant to cool the housing market.
Industry players are calling for CAAMP to demand a retraction from CBC, following a segment that painted brokers and monolines with the same brush as high interest “shadow” lenders.
Now may be the time for your clients to strike, with one big bank arguing mortgage rates are as low as they will go.
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.