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Topic & Comments
All about the rate by | 2012-03-30 10:04:30 AM

I was just reading the latest issue of BrokerBiz m...read more

Expert gremlins interrupt preapprovals rush by Vernon Clement Jones | 2012-03-30 7:40:20 AM

D+H was quick to resolve the issue – and all technical hands were indeed on deck. But brokers trying to push through a mountain of preapprovals ahead of today’s rate reset were, nonetheless, confronted by Expert technical problems that slowed and, at some points, blocked submissions Wednesday.read more

Lender: BFS rates safe for now by Vernon Clement Jones | 2012-03-28 10:53:19 AM

The hasty retreat of A lenders from the NIQ space will certainly limit funding options for broker clients, but shouldn’t – despite growing fears – lead to a spike in borrowing costs, said a leading Alt A player.read more

Flaherty to bankers: Pull the other one by Vernon Clement Jones | 2012-03-24 5:54:01 AM

The irony that bankers dangling some of the lowest rates in history are also asking Ottawa to tighten mortgage rules hasn't been lost on the Finance minister, now suggesting he'd rather sit pat.read more

Investment lending about-face hurts brokers by Caitlin Nobes | 2012-03-24 4:27:33 AM

Brokers relying on investor clients to shore up the bottom line are now watching as key lender decisions erode that once lucrative business.read more

Time to eat crow? by Vernon Clement Jones | 2012-03-23 11:00:44 AM

Some brokers may be eating their words. The broker channel’s biggest proponent of trailer fees is expecting to pay out a whopping $5 million of that compensation in 2012, billing it as a validation of the model and evidence of a maturing market.read more

OSFI echoing broker concerns about HELOCs by Vernon Clement Jones | 2012-03-21 8:30:32 AM

Draft guidelines meant to bring additional checks and balances to mortgage underwriting could see banks rein in on the HELOC business many brokers object to.read more