Forum

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Mortgage Broker News | 19 Nov 2014, 11:12 AM Agree 0
Brokers will now have another option for Alt-A mortgages, with one major lender announcing an alternative product that will target a brand new customer base.
  • James Resourceful Capital Financial Corporation | 19 Nov 2014, 03:03 PM Agree 0
    Can't wait to see what Bridgewater has to offer on the Alt-A side. More competition in that segment of business is definitely warranted. So much business is left because we don't have many lenders willing to service.
  • James - Bridgewater Bank | 19 Nov 2014, 06:03 PM Agree 0
    Thanks for covering our Gateway release Justin. We're excited to offer more choices within the Alt-A market. For those interested, you can find more information at www.bwballstarportal.ca.
  • Kuldip S Panesar Homeland Mortgage Corp. | 20 Nov 2014, 02:34 PM Agree 0
    This is good news that one more Lender is coming with the Alt - A product. We do not have many lender offering mortgage under Alt -A program . They will definitely get more business of Business for self clients .
  • Kuldip S Panesar Homeland Mortgage Corp. | 20 Nov 2014, 02:34 PM Agree 0
    This is good news that one more Lender is coming with the Alt - A product. We do not have many lender offering mortgage under Alt -A program . They will definitely get more business of Business for self clients .
  • Kent Farnsworth | 23 Nov 2014, 07:23 AM Agree 0
    Great for everywhere but the Maritimes and Quebec. As usual a one or two bad apples have spoiled the whole barrell. NB has new licesing requirements coming down the pipe. We will be forced to follow the same, if not even more stringent requirements as Ontario brokers. I for one will be glad to see many of the changes. Whether or not it will get rid of the rubbish is hard to say, but it's a start. If you have one broker that does a good number of mortgages and their clients have very low delinquency, but another broker doing similar numbers has a ridiculous amount of foreclosures, it's not hard to tell what's happening. The problem is, instead of the lender doing anything about it, they just pull out of the area, and everyone suffers. It doesn't seem fair. It is frustrating because this isn't the first good lender we've lost down here for this reason.
Post a reply