I am the editor for Mortgage Broker News Canada.
Email me at firstname.lastname@example.org, and follow me on Twitter.
Brokers in this one major market may have noticed a decline in clients seeking mortgage for condos – and that trend may continue with fewer starts being reported as well.
Broker frustrations about inconsistent payment penalties have sparked a creative solution.
With household debt at record levels, one B.C. man’s fast foreclosure serves as a cautionary tale for the rest of Canadians.
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.