Broker: don’t blame the lawyers!
One broker has carried out analysis of closing documents and come up with tangible reasons for why some monoline files saddle clients with extra fees
New CMHC rules to increase ‘income suite’ clients
One province’s homeowners are turning more and more to renters to help carry mortgage expenses
Lenders killing deals with eleventh-hour demands
A growing number of files are being sent back by lenders with demands for additional information but with too little time to meet closing, argues one industry veteran
Why brokers may envy a big bank
It’s a mortgage-related product brokers say they don’t have enough access to, and it’s one that has helped a Big-Six bank chalk up impressive quarterly profits
Recession fears overblown, say industry veteran
One mortgage lender in Alberta has a question for an economics professor predicting the current recession will last longer than expected – what recession are you talking about?
Drowning in the deep end
New mortgage brokers are struggling with the ‘fear of being found out’ because the current system ‘throws them in the deep end’, says business author, ex-broker and National Finance Institute trainer Peter Heinrich
Analysts predict price gains
Canadian home prices are set to rise a little over 5 percent this year and 2 percent in 2016 despite a slowdown in activity as the economy weakens, a Reuters poll found.
Declining mortgage business... for banks?
BMO is the first to release its quarterly figures, in the process throwing industry expectations for mortgage growth in doubt
BoC weighs in on housing market risks
What sort of risk does the housing market pose to the overall economy? It depends who you ask, but the Bank of Canada has now had its say
Pushback on interest rates? No, say lenders
There is pressure to lower interest rates, but it isn’t coming from the brokers, says private lenders