CAAMP CEO extolls benefits of AMP in national paper
CAAMP CEO, Jim Murphy, is using a column in the country’s leading national newspaper to hawk the benefits of using brokers but more specifically – and more controversially – those of AMPs.
Profits up, claims down for mortgage insurer
First quarter profits are up while claims and defaults are down for one of Canada’s leading mortgage default insurers.
Homes becoming more affordable: Report
Canadian homes became more affordable in first quarter 2014, though affordability is still at a 25-year low, according to Desjardins’ Affordability index.
Bank bars broker from attaining financing for client
One broker is frustrated by a major bank’s refusal to allow him to work with any client who had previously inquired about a mortgage at the branch level.
Poloz expects soft landing
In his opening statement before the House of Commons Standing Committee on Finance Tuesday, Governor of the Bank of Canada Stephen Poloz reiterated his belief that Canada’s housing market is set for a soft landing.
Collateral charge mortgages have advantages: Broker
One broker reiterates the positives of the much-maligned – and increasingly popular -- collateral mortgage product.
Network announces unsecured loan offering
Centum Financial Group announced Tuesday it has struck a deal with easyhome Ltd. that will add unsecured loans to Centum brokers’ product offering.
Many brokers plan on hiring freeze
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.
CMHC increase is unfair, say investors
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.
Investor cautious about Canadian market
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.