Justin Da Rosa is a journalist with Canadian Mortgage Professional.
Brokers are reporting slower deal conversions on the B-side as lenders are requiring more documentation in the wake of new regulations.
Brokers have been frustrated by too much government oversight in certain areas, but when it comes to this one issue, many believe the government should step in.
Multi-unit starts in three regions paved the way for an increase in overall Canadian housing starts in May, but a slight moderation is also in the offing.
Lenders are offering brokers false promises in answer to a very big gripe.
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.