Broker not convinced by bank CEO's parting words
Brokers may be happy to see one big bank executive go, but they likely won’t fall for his parting words about the need for tighter lending rules to help rein in consumer debt.
Canada’s market not as healthy as believed to be?
All is not as it seems in the Canadian housing market, according to one major economist who points to several vulnerable markets that may be lulling economists and the Bank of Canada into a false sense of optimism about the market, overall.
Deferred sales spike soon to end?
Brokers who lamented the early year slump have likely made up for the lost business, according to recent stats that point to continued strong summer sales.
Brokers split on CMHC proposal
Broker opinion is split -- following news that CMHC is considering banks to pay a deductible before mortgage claims are paid out – with some believing the move will lead to more careful underwriting and others thinking it could result in higher fees for clients.
Banks to pay for CMHC deductible?
The Canada Mortgage and Housing Corporation is considering offloading some of its burden onto the banks by forcing them to pay a deductible on insured mortgages before claims will be paid out.
Report to boost consumer confidence in brokers
A new report from a major regulator will likely inspire confidence in home buyers to turn to mortgage brokers.
Banks to be more transparent with controversial product
A major broker gripe about a big bank mortgage policy has finally been addressed by Finance Minister Joe Oliver and more transparency about the practice is forthcoming.
Alternative lender announces prime offering
At a time when lenders are increasingly focusing on alternative lending, one major player – known for its alternative offerings – has announced new prime products.
Professionals agree on R2O strategy
Careful consulting at the beginning of a rent-to-own deal is key to ensuring underwriting guidelines are met, say brokers and industry professionals.
Study reveals prevalence of lying on loan applications
Home buyers lie on their loan applications and ten per cent of Canadians believe it’s acceptable to do so.