News

  • Broker calls for insurers to provide flagged properties list by Justin da Rosa | 10 Feb 2014

    One industry player is calling on the mortgage insurers to make a list of red-flagged properties available to mortgage brokers and Realtors, after a deal fell through in the 11th hour. read more

  • TD mortgage clause change by Justin da Rosa | 10 Feb 2014

    One broker said he is getting nowhere in trying to find out why TD has altered the fine print in its VRM contracts for conventional mortgages – specifically around when a spike in LTV triggers demand for a lump-sum payment or a new appraisal. read more

  • Banks' ignorance opens opportunity for monolines by MBN | 10 Feb 2014

    A leading Realtor and developer is frustrated by big banks’ ignorance about -- and unwillingness to provide lending for – an increasingly popular housing option; but perhaps monoline lenders can pick up the slack. read more

  • Millennials more willing to rent? by MBN | 10 Feb 2014

    Traditional thinking among Canadians is that homeownership is favourable to renting; an attitude that has boded well for mortgage brokers who have a large majority of the population looking for mortgages to tap into. But what if attitudes shift and biases toward renting decrease? read more

  • IA to withdraw 2.99 rate today by Justin da Rosa | 07 Feb 2014

    The debate about the 2.99 per cent rate is expected to shift Friday, with MortgageBrokerNews.ca learning the lender behind that rate will ditch it by 5 p.m. read more

  • Starts to taper over next two years by MBN | 07 Feb 2014

    Developers are finally poised to slacken their pace, and while that may be good news for markets already swimming in condo construction, brokers may have less to celebrate. read more

  • Two families choose 'mixer mortgage' for co-ownership by Justin da Rosa | 07 Feb 2014

    Two Vancouver families have found an unconventional path to homeownership: Co-ownership. read more

  • Article misleads public about mortgage brokers by Justin da Rosa | 06 Feb 2014

    A MoneySense article entitled “5 things your mortgage broker isn’t telling you” has won the scorn of one broker who believes it is misleading and biased. read more

  • Brokers making up for drop in refi business by Justin da Rosa | 06 Feb 2014

    Refinances may be down due to tightened lending guidelines, but brokers are turning to an old stand buy that has some worried desperate clients will be taken advantage of. read more

  • Broker network launches new consumer site by MBN | 06 Feb 2014

    A major mortgage broker network unveiled its new website, which focuses on consumer education. read more