News

  • Many brokers plan on hiring freeze by Jamie Henry | 29 Apr 2014

    Many brokers across Canada have decided not to hire new staff for the next 12 months but for some hiring an extra hand may provide the edge needed to grow the business in a particular market. read more

  • CMHC increase is unfair, say investors by MBN | 29 Apr 2014

    The new CMHC premium hike for default insurance – coming into effect this Thursday, May 1 – is unfair to those who want to make a profitable business, argues one investor. read more

  • Investor cautious about Canadian market by MBN | 28 Apr 2014

    Brokers may disagree but a noted American investor, who won big betting against subprime mortgages in 2007, now seems to be Bearish on Canadian housing, reports a Canadian financial website. read more

  • CMHC cuts two programs by Justin da Rosa | 28 Apr 2014

    The Canadian Mortgage and Housing Corporation (CMHC) announced Friday it is axing two of its insurance programs, signalling to brokers that the era of rule tightening isn’t quite over. read more

  • Networks to crack down on brokers' side businesses? by Jamie Henry | 28 Apr 2014

    The case of a recently deceased mortgage broker who is accused of committing fraud may trigger a shift among broker networks when it comes to allowing its brokers to operate independent MICs. read more

  • Broker questions Canadians' preference for fixed rates by MBN | 25 Apr 2014

    Following a survey that found Canadians prefer fixed-rate mortgages over variable rates, one broker believes consumers may be “misinformed.” read more

  • Network head teases acquisition by Jamie Henry | 25 Apr 2014

    Profits are shrinking and brokers are paring down their support staff, according to one head whose network is poised to announce a big acquisition in May. read more

  • B2B Bank joins the alternative lending space by | 25 Apr 2014

    B2B Bank announced Thursday it has expanded its product offering to include two new alternative lending programs designed for clients who do not fit into traditional income profiles. read more

  • Far-out Friday: Wolf of Wall Street resurfaces by MBN | 25 Apr 2014

    He had Leonardo DiCaprio tell his story in the smash hit movie The Wolf of Wall Street, and now the real deal Jordan Belfort has emerged from the dust of his crooked ways to cash in. read more

  • Broker welcomes news coverage and competition by Justin da Rosa | 24 Apr 2014

    Brokers are often frustrated by the amount of media attention paid to the mortgage industry – and specifically, the big banks’ ever-looming sub three per cent offerings – but one player uses it to educate clients. read more