CBC paints brokers with same brush as ‘shadow’ lenders
Brokers are scratching their heads after a CBC radio program about mortgages appeared to lump monolines and brokers together with shadow lenders.
New CAAMP ads focus on not just AMP-designated brokers
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.
Current economic environment drawing a certain type of client?
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.
A new look at Toronto’s outrageous real estate boom
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.
Bank of Canada rate cut encouraging rate shoppers, say brokers
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.
Brokers call for more communication from certain lenders
They make great referral partners; still, brokers feel this one type of lender is shutting them out of the origination process.
Standardized penalties could be a negative for brokers… and clients
Be careful what you wish for – brokers hankering for standardized mortgage penalties could be undercutting one clear advantage they have over the banks.
A slight correction may be imminent, but is there cause for concern?
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.
Brokers call for standardized penalties
Renewed frustration around lender penalties have forced one broker to make a FSCO complaint, but is it really time for Canada-wide regulation?
Lender: Brokers, be prepared
The head of one leading lender believes brokers should prepare for even tighter lending guidelines.