Lenders want the full picture on bruised credit
No one likes to talk about how they wound up with a poor credit rating, but brokers need to break through the silence and get the full story, so that lenders aren’t left in the dark.
Monolines to cash in?
Stingy – that’s how brokers may characterize the 10 bps drop by banks yesterday, and leaving the door open to monolines.
What to expect from banks when rates rise
It may be the in the future, but brokers are looking at the inevitable rate hike and anticipating what the banks will do with their own rates at that time.
Are you helping or hurting your client?
Mortgage loans for clients with bruised credit happen every day – but the industry as a whole needs to ensure those loans are improving fiscal responsibility, and not sinking the client deeper in debt, says one alt lender.
It could make a mess, but merging two small brokerages may also make the most of a mediocre market.
Home sales set new record
The latest figures from CREA show that the rise in home sales depends on the local market.
BoC rate decision comes in
The Bank of Canada has lowered its overnight rate to 1/2 per cent.
Suggestions for CAAMP 2.0
With CAAMP set to re-evaluate its future – and the role the next leader will take – industry players believe there are certain things the association should focus on, including providing more support specifically to brokers.
Association warns BoC prior to today’s announcement
Economists are almost split down the middle as to whether the Bank of Canada will cut its rate later today, and one industry association is warning against it.
Alt lenders leaning on brokers when it comes to bruised credit
As more lenders move into the alternative space thanks to the current stringent lending rules, lenders are looking to brokers to up their game to ensure those clients with bruised credit are securing mortgages.