Royal Bank of Canada boosted its first-quarter net income by 24 per cent to $3.03 billion
An especially expensive year for houses doesn't seem to have hampered broker business, with a new study suggesting 2013 will close with prices -- and, indeed, sales -- eclipsing a five-year high.
Do more brokers have their mortgages with a bank or a monoline?
Debate has ensued about whether the broker channel should welcome laid off-bank employees, with some brokers believing those who failed to make the cut there will make second-rate agents here.
Mortgage Alliance isn't the only brokerage to land a huge catch from the big bank pond, with another major player now reporting its own coup courtesy of RBC.
Has BMO been forced to eat its own words? That’s how brokers are interpreting the bank’s recent decision to cut hundreds of jobs considering only last year it said an increase in mortgage specialists was the best way of growing market share.
While brokers doubt the ability of Canada’s independent mortgage insurers to pick up the slack if the government downsizes CMHC’s mandate, they’re much more certain about the kind of effect that move would have on their business.
Meet our panel of expert judges for the upcoming Canadian Mortgage Awards
CMHC increased its risk fee to 3.25 per cent last week and one broker believes Canada’s independent insurers – and the brokers who deal with them – are poised to take advantage.
Brokers may be compelled to advise clients to opt for a smaller mortgage, following a warning that homeowners may be ill-prepared to handle impending interest rate hikes.
Teranet is now confirming the MortgageBrokerNews.ca report it will overhaul its controversial use of AMP records on the REDX system.