Gerald Soloway, former Home Capital CEO, is stepping down from the company's board of directors, Home announced Monday
Many of Canada’s big banks offer clients the opportunity to skip payments on their mortgages. While this can work to their advantage, mortgage brokers are not big fans of strategy.
Globe & Mail sources report that Genworth and Canada Guaranty are encouraging the Canadian government to raise CMHC premiums. What effect will this have on clients and the brokering industry as a whole? Not much, says one player.
As the year comes to a close RateSupermarket.ca’s expert panel is echoing the same sentiment it has held for the past two months: Rates will continue to drop.
Brokers in Toronto may have cause for optimism as one new study suggests the city’s condo housing boom is making up for a shortage, rather than creating a surplus.
Teranet -- the people behind the REDX database -- will stop the controversial practice of recording brokers who drop the AMP designation, according to one network head, himself a victim of the policy.
While CMHC heralded its third quarter results Friday, it glossed over a whopping 81 per cent drop in refinances, leaving brokers to quantify the impact on their clients and their bottom lines.
Claims and policies are down yet profits are up, as CMHC continues to prove that Finance Minister Flaherty’s tinkering may actually be having a positive effect on the Crown corporation’s bottom line.
Canada’s largest producing team in the banking channel has chosen to switch to the broker side by joining Mortgage Alliance.
Sporting a moustache may give off a wise and mature image but it does not seem to be reflected in terms of workplace seniority and career advancement opportunities.
A licenced mortgage broker has built a new system that may revolutionize the way brokerages collaborate on deals.