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Brokers have been frustrated by tightened underwriting from both the insurers and the monolines, and one lender has stepped up to provide some more clarity on how premiums are determined.
If the trend continues, brokers in this market may experience dwindling deals as price growth prohibits first-time buyers from entering the market.
Brokers believe these former mortgage professionals make some of the best underwriters and BDMs.
Are brokers powerless when it comes to insurers costing them deals?
It’s frustrating enough getting a deal approved by lenders but now insurers are increasingly rejecting even lender-approved deals.
CMHC has announced its lowest market share to date and it may only be a matter of time before the use of default insurance industry shrinks altogether.
New data provides optimistic news for broker market share, despite contrary evidence provided by CAAMP in late 2014.
New data points to a growing trend among homebuyers and brokers who aren’t cultivating an online presence are being left behind.
Pompous, elitist, snobbish? Those are a few words some would use to describe a group of Torontonians fighting back against $500K homes in their million-dollar ‘hood.
Brokers in one major market are noticing more conservative lending practices among monoline lenders, forcing players to send more deals to the banks.