Latest news

  • Lender expands to Prairies

    One lender is making it easier for brokers in Manitoba and Saskatchewan who have resolved to do more trailer fee-driven deals by expanding into the Prairie Provinces in 2014.

  • Senator's alleged mortgage fraud offers cautionary note for brokers

    Newly released court documents -- alleging a former senator committed mortgage fraud on a home he billed Senate expenses for -- serve as a cautionary tale for brokers.

  • 'Broker-owned bank' rebrands itself

    The company that some brokers consider the industry’s first “broker-owned bank” has been given a new identity, marking the next step in establishing its brand in Canada.

  • A product for contractually employed homebuyers

    A lender in the UK has established a mortgage product specifically tailored to contract employees, which has Canadian brokers clamouring for something similar here.

  • Forecast: no 'aggressive government intervention' this year

    It depends how much stock you put in Realtor forecasts, but a new market survey suggests brokers have little to fear from the federal government this year, despite continuing rumour to the contrary.

  • Lender jumps into Alt-A lending

    A key broker lender in the A-space is now saying competition in that realm is part of the reason it has moved to focus on Alt-A lending.

  • Far out Friday: Realtor sponsors homeless man

    Just before Christmas, Joe Manzaneres, an American Re/Max realtor decided to sponsor a homeless man by paying him to hold up a sign in the hopes of drumming up business.

  • FSCO dispute resolutions increasing to 750 monthly

    A victim of its own success, the Financial Services Commission of Ontario has increased the monthly assignment of arbitration files to ADR Chambers from 500 to 750 per month, and is actively looking for a new contract with a dispute resolution company.

  • Broker gets creative with lead chase

    Ever-tightening regulations and ever-increasing competition from the banks are forcing the broker industry to get more creative when trying to chase leads and build business; which, for one broker, includes sharing leads with professionals he originally had an aversion to.

  • Superbroker leads charity charge

    You mortgage brokers sure are a charitable bunch and it’s even easier to give back to the community when your brokerage leads the charge; which is exactly what one superbroker is doing.