Economist inching closer to bearishness?
One major economist has begun sympathizing with Canadian housing pessimists, though he isn’t ready to join their ranks just yet. Will brokers agree with his reasoning?
Lender announces commitment to alternative space
One trust company is reaffirming its dedication to supporting mortgage brokers with two executive appointments, among them a leading player from another lender.
Rate site sees increased support
One leading rate site has seen an influx in business since RateHub’s announcement that it will start its own mortgage brokerage.
Brokers agree on payment plan
Strangley enough, brokers are echoing the sentiments of a big bank and warning clients not to follow a recent trend.
Poll results: Majority of brokers will avoid RateHub
Mortgage brokers across Canada have spoken and the results are in: The vast majority of industry professionals say they will avoid using RateHub.ca’s online services after finding out about the company’s plans to establish a brokerage that will directly compete for leads.
Major RateHub customer might pull support
One of RateHub’s largest clients is set to decide today whether it will continue to do business with the popular rate site following the announcement that it is establishing a competing mortgage brokerage.
Big bank turns to lender for underwriting support
First National announced Wednesday it has struck a deal with Toronto Dominion (TD) Bank to provide underwriting and fulfillment processing for mortgages originated by the big bank through the mortgage broker channel.
Eisner eyes legal options
One of RateHub's largest broker clients is contemplating legal action against a former employee now tapped to head the rate site’s online brokerage, currently in development.
Brokers react to RateHub announcement
RateHub.ca will join forces with an influential channel player to launch a new brokerage, with several brokers arguing the move is a betrayal.
Canada's three major markets lead the charge
The Canadian housing market continues to make up for lost ground due to slow sales in the beginning of the year, with the number of sales making a modest 0.8 per cent month-over-month jump from May to June.