News

  • Banks continue to frustrate brokers by Justin da Rosa | 29 Aug 2013

    A perennial thorn in the side of every broker, the games that banks play in order to block a broker’s deal are many. So here’s one you may be able to relate to. read more

  • Dispelling the CU myths by Justin da Rosa | 28 Aug 2013

    Increasingly competitive fixed rates at credit unions have brokers debating what if any limitations come hand in hand, especially around the question of whether those mortgages are effectively closed. read more

  • Broker: demolish marijuana grow-op houses by Jamie Henry | 28 Aug 2013

    Brokers across the country are calling for complete disclosure when it comes to former marijuana grow-ops and one industry leader believes any house known to have formerly housed a grow-op should be demolished. read more

  • Mortgage debt keeps climbing by Justin da Rosa | 28 Aug 2013

    New Equifax data suggests that mortgage debt has eclipsed credit cards as the number one driver of household debt. read more

  • Credit unions offer best rates by Justin da Rosa | 27 Aug 2013

    Credit unions are cashing in on the opportunity to snag business from other lenders in the wake of three big banks and one monoline announcing rate increases last week. read more

  • Banks can't keep up with demand by Justin da Rosa | 27 Aug 2013

    Brokers say they are experiencing longer than average turnaround times with the banks, suggesting it could be a result of a flooded market due to collective client fears that rates will continue to increase. read more

  • Heritage Financial acquires Verico Boomerang by Justin da Rosa | 26 Aug 2013

    In a statement released Monday, Heritage Financial Group Ltd. announced it has acquired a 50 per cent stake in Verico Boomerang Financial Inc., a Calgary-based mortgage brokerage firm. read more

  • Breaking barriers between brokers and lenders by Justin da Rosa | 26 Aug 2013

    Lenders too frequently favour a “black and white” approach to qualifying clients, complain a growing number of frustrated brokers. read more

  • Monoline changes its preapprovals by Justin da Rosa | 26 Aug 2013

    One leading monoline announced changes to its pre-approval rates last week. read more

  • Catching 'cold clients' on your hook by Justin da Rosa | 23 Aug 2013

    Referral clients reign supreme, with a growing number of industry players now refusing to take cold calls. read more