News

  • Market on 'subdued trajectory' by Justin da Rosa | 17 Apr 2014

    ScotiaBank delivered some less-than-optimistic news to mortgage brokers and those who depend on the housing industry for their livelihood. read more

  • Arrest made in CRA 'Heartbleed' case: Police by MBN | 17 Apr 2014

    A man has been charged in connection with the theft of 900 social insurance numbers from the CRA website, the RCMP reported Wednesday. read more

  • BoC: Residential investment's share of economy to decline by Jamie Henry | 16 Apr 2014

    Real estate investment as a proportion of the overall economy can only go one way, says the Bank of Canada's latest Monetary Policy Report. read more

  • Sales bounce back in March: CREA by Justin da Rosa | 15 Apr 2014

    Homes sales have started to bounce back from a relatively cool winter market, with Canada seeing a 4.9 per cent year-over-year sales increase in March. read more

  • Brokers: Arm yourselves against 'Heartbleed' by MBN | 15 Apr 2014

    Brokers may want to take steps to arm their systems against "Heartbleed", a major new vulnerability that could let attackers gain access to users' passwords and fool people into using bogus versions of websites. read more

  • Lawyers charge more for monoline files: Broker by Justin da Rosa | 15 Apr 2014

    One broker is hoping lenders better streamline their documentation process after a number of law firms began charging clients more to deal with files that come from monolines than their bank counterparts. read more

  • B-21's down payment recommendations by Jamie Henry | 15 Apr 2014

    Brokers are likely breathing a sigh of relief following OSFI’s release of its B-21 guidelines Monday, with one of the only major changes being the office of the superintendent recommending stricter down payment requirements. read more

  • O'Leary's next reality TV venture? by Jamie Henry | 15 Apr 2014

    Kevin O’Leary left CBC’s Dragon’s Den. But it begs the question: What other reality show would be a good fit for the polarizing Canadian and former industry player? read more

  • OSFI releases B-21 draft by Jamie Henry | 14 Apr 2014

    The Office of the Superintendent of Financial Institutions (OSFI) released its Guideline B-21 Residential Mortgage Insurance Underwriting Practices and Procedures Monday, which include “six fundamental principles for sound mortgage insurance underwriting.” read more

  • How to prepare for upcoming anti-spam law by Justin da Rosa | 14 Apr 2014

    A new anti-spam law – that will require express consent of newsletter subscribers – will come into effect July 1, 2014 and brokers who currently disseminate newsletters are scrambling to become compliant. One broker offers his tips. read more