News

  • Edmonton brokers have cause for optimism by MBN | 09 Jan 2014

    Brokers who attended the annual Edmonton housing forecast conference likely came away with a sense of optimism for their business prospects in 2014; but for those who were unable to attend, your peers have got you covered. read more

  • Internship program a success for one broker by Justin da Rosa | 08 Jan 2014

    A year on, one industry player boasts his unique internship program has a success rate that rivals more traditional methods of grooming brokers. read more

  • Best MBN debate of 2013 by MBN | 08 Jan 2014

    The comments section of MortgageBrokerNews.ca provides a soundboard for brokers to critique, lambast or applaud our articles (and, in some cases, fellow commenters). 2013 provided its fair share of heated debate but one particular story about renewal business – and the value brokers can add to win business – stoked the fires and, in some cases, the ire of several opinionated readers. read more

  • Overnight rate on hold until economic data improves by MBN | 08 Jan 2014

    The governor of the Bank of Canada, Stephen Poloz, suggested Tuesday that the overnight interest rate may soon be raised and he welcomes a strengthening American economy as one of the catalysts for such a maneuver. read more

  • Broker: Expect tighter underwriting in 2014 by Justin da Rosa | 08 Jan 2014

    One leading industry player foresees tightened mortgage lending regulations in 2014, which may affect the broker industry more than its banker rivals. read more

  • Unlicensed broker charged with 18 offenses by MBN | 07 Jan 2014

    Glenn Whitter is alleged by FSCO to have used online dating to borrow and lend on real estate properties without a license and faces nine counts of dealing in mortgages without a broker license, totalling 18 charges under Ontario's Mortgage Brokerages, Lenders and Administrators Act, 2006. read more

  • Advisor proposes reining in CMHC by MBN | 06 Jan 2014

    The president of a macroeconomic advisory agency suggested changes CMHC needs to make to harness its mortgage market influence in 2014, including reinstating the regional mortgage cap; but will mortgage brokers agree with him? read more

  • Broker: Buydowns have greater effect on broker networks by Justin da Rosa | 06 Jan 2014

    Rate buy downs affect broker networks more than they do individual brokers, suggests one leading industry player, and 2014 will foster even more of these types of deals as brokers try to compete in an increasingly competitive environment. read more

  • Brokers beware of young buyers driving Audis by Justin da Rosa | 06 Jan 2014

    Finance Minister Jim Flaherty said on CTV’s Question Period Sunday that he is monitoring the state of the housing market and is willing to intervene in the mortgage default insurance industry again if the need is felt. read more

  • Broker forecast: Banks have advantage in 2014 by Justin da Rosa | 03 Jan 2014

    One leading broker is staring into his crystal ball and forecasting another year of competitive advantage for the bank branch in one or two key areas. read more