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One Toronto-based business school professor is sounding the alarm for high ratio homebuyers.
Brokers often complain about slow deal turnaround times, but one industry partnership will look to speed up the underwriting process for monolines.
The government made a pledge in the federal budget that brokers can’t afford to gloss over, cautions one industry vet, worried about the possibility of higher mortgage rates.
The verdict is still out for some, but many brokers are applauding the launch of a unified broker association being compared to the nation’s Realtor organization.
FSCO continues to crack down on unlicensed financial companies attempting to circumvent the use of mortgage brokers by dealing directly with the public.
One broker believes industry players will continue to be necessary when it comes to the mortgage industry.
Those operating in the commercial sector – and those interested in breaking in – should be directing clients to a specific property type.
A reference to bulk insurance – and so access to conventional mortgages – was part of the 528-page federal budget tabled Tuesday.
Over two years of discussion has resulted in the formation of the Canadian Mortgage Brokers Association – a national group bringing together provincial players.