Justin Da Rosa is a journalist with Canadian Mortgage Professional.
Home Trust delivered a message of confidence to its broker partners.
Tightened guidelines may be encouraging some mortgage professionals to take shortcuts, but that is no excuse say industry players reacting to Home Capital's move to suspend ties with several brokers
Exit plans for alternative clients are becoming increasingly important, as bundled mortgages become more prevalent
Industry players have been vindicated: the CBC has offered a sort of mea culpa for airing erroneous information about brokers and the lenders they work with
One superbroker has published an article that may help turn rate shoppers into ‘service shoppers’ – and convert bank clients to broker clients
It may be a small victory for brokers, but CMHC’s latest rule change is a welcome decision in an era of seemingly endless mortgage rule tightening.
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.