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Topic & Comments
Equitable Trust investigates $14m in loans for fraud by Vernon Clement Jones | 2011-08-31 1:35:35 PM

Equitable Trust’s parent company is now investigating suspected fraud relating to four loans carrying an outstanding balance of $14 million, at the same time it considers taking legal action against “several parties.”read more

The Big Story: Broker exclusivity agreements by MBN | 2011-08-31 4:02:40 AM

Some mortgage professionals say they’ve had enough of clients going to the bank, with broker commitment letters in hand and a growing number are thinking exclusivity agreements will stop them in their tracks. On today’s The Big Story, we speak with Paul Mangion of The Mortgage Centre-M.O.S., Ranjit Dhillon of Centum Mortgage Smart, Greg Williamson of 180 Degrees Coaching and Ad Lakhanpal of Mortgage Alliance about the use exclusivity agreements and whether they are the answer to increased competition from the big banks. Find out on today’s The Big Story, on BrokerNewsTV, your home for industry news, opinion and more

Alberta broker: demand for cash-backs to grow by Vernon Clement Jones | 2011-08-30 5:05:53 AM

Growing optimism and a rebounding housing market are threatening to lift demand for cash-back mortgages in Alberta, cautions a leading Edmonton broker, asking his peers to guide clients to sounder alternatives -- and not only because of lingering economic more

Hear ye! Hear ye! The rate wars are over? by Vernon Clement Jones | 2011-08-25 3:23:13 AM

It’s not exactly a white flag, according to one Vancouver broker, but the move by some of the Big Five to slash discounts on their ARMs may be the first tentative sign this year’s rate wars are winding down as the banks meet their year-end more

Eroded housing affordability tests Vancouver broker by Vernon Clement Jones | 2011-08-25 3:16:02 AM

Housing affordability concerns in the second quarter are helping explain a slower summer for brokers across much of the country, with an increasingly expensive Vancouver now at risk of a downturn, according to a new more

Veteran cautions new agents on bank deals by Vernon Clement Jones | 2011-08-24 2:50:31 AM

An industry veteran is asking young agents to take a second look at the number of deals they’re sending to members of the Big Five, suggesting stronger relationships with monoline lenders is essential to retaining clients but also to serving more