News

  • Big bank turns to lender for underwriting support by Justin da Rosa | 17 Jul 2014

    First National announced Wednesday it has struck a deal with Toronto Dominion (TD) Bank to provide underwriting and fulfillment processing for mortgages originated by the big bank through the mortgage broker channel. read more

  • Daily Market Update by | 17 Jul 2014

    Yesterday’s BoC report comes with some concerns… Saskatchewan realtors have optimism for the province… Sleepy town grows into popular city… and $26 million buys you a house to teardown… read more

  • Eisner eyes legal options by Justin da Rosa | 16 Jul 2014

    One of RateHub's largest broker clients is contemplating legal action against a former employee now tapped to head the rate site’s online brokerage, currently in development. read more

  • BoC holds rate target by Jamie Henry | 16 Jul 2014

    Breaking news … just kidding. The Bank of Canada has, once again, announced it will maintain its target for the overnight rate at one per cent. read more

  • FSCO warns of mortgage fraudster by Jamie Henry | 16 Jul 2014

    The Financial Services Commission of Ontario (FSCO) has issued a warning to consumers and the brokerage community that Future Brokers and Lenders Inc. and its principal, Candace Thomson are not licensed as a mortgage originator or as a loan company. read more

  • Brokers react to RateHub announcement by Justin da Rosa | 15 Jul 2014

    RateHub.ca will join forces with an influential channel player to launch a new brokerage, with several brokers arguing the move is a betrayal. read more

  • Canada's three major markets lead the charge by Justin da Rosa | 15 Jul 2014

    The Canadian housing market continues to make up for lost ground due to slow sales in the beginning of the year, with the number of sales making a modest 0.8 per cent month-over-month jump from May to June. read more

  • Limited supply pushing prices up by Jamie Henry | 15 Jul 2014

    Home buyers will have to prepare to shell-out or be left out as the limited supply of single-family puts further pressure on the market. read more

  • Daily Market Update by Jamie Henry | 15 Jul 2014

    Global ratings agency warns that housing market here is over-valued by 20 per cent… Banks could be vulnerable in any housing crash… Consumers remain optimistic despite warnings… And office leasing sees some growth in Toronto… read more

  • Brokers criticize mortgage life insurance by Jamie Henry | 14 Jul 2014

    Several broker joined the fracas to discuss their own issues with bank-offered mortgage life insurance, with many criticizing the high mark-ups and low payouts. read more