Bank joins forces with Canadian retailer
Here’s a new incentive that brokers may not be able to compete with: one big bank will offer $500 cash back when customers take out a mortgage. In Canadian Tire money, that is.
Storefronts still alive and well?
This very publication may have prematurely announced the death of the mortgage broker storefront, with at least one broker pointing to the strong traffic that model continues to win him.
No such thing as 'employee pricing' mortgages?
The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.
CMHC insurance in force to decline in 2014
And the trend continues, with the Canada Mortgage and Housing Corporation (CMHC) cutting the number of insured mortgages it will issue this year.
OECD calls for CMHC cuts
The Organisation for Economic Co-operation and Develeopment (OECD) has joined the list of groups calling for cuts to government-backed mortgage insurance in Canada.
Private insurers won't follow CMHC's lead
Phew! Genworth Canada and Canada Guaranty have decided not to follow in CMHC’s footsteps and change their programs for self-employed buyers. But is this only a temporary move?
Networks prepare brokers for anti-spam law
Networks – and at least one broker association -- are stepping up to help their broker partners prepare for the upcoming anti-spam legislation.
Brokers feel slighted by CAAMP article
A sponsored feature in the Globe and Mail by CAAMP President and CEO Jim Murphy has divided the industry; with brokers who are not AMP-designated feeling snubbed.
CAAMP CEO extolls benefits of AMP in national paper
CAAMP CEO, Jim Murphy, is using a column in the country’s leading national newspaper to hawk the benefits of using brokers but more specifically – and more controversially – those of AMPs.
Profits up, claims down for mortgage insurer
First quarter profits are up while claims and defaults are down for one of Canada’s leading mortgage default insurers.