Latest news

  • Should regulators focus more on unsecured debt?

    New data on consumer debt has dredged up an old broker gripe: Regulators need to rein in the availability of unsecured debt and leave mortgage spending alone.

  • Experts: Rates to rise

    Experts agree mortgage rates will rise over the course of the next month, despite RBC cutting its rates by 10 basis points over the weekend.

  • RBC cuts mortgage rates

    Fears that RBC’s latest move to whittle down its fixed rates will set off the kind of rate war BMO did in 2012 are largely unfounded, argues one broker, suggesting this latest cut is a “marketing ploy.”

  • DLC honours broker who passed away

    Dominion Lending Centres is honouring one of its own who passed away suddenly over the Holidays.

  • Toronto brokerage scores big bank coup

    Rack up another for the broker channel, with a successful bank defector joining a Toronto brokerage as it readies to take on 2014.

  • Brokers confident in monoline A-lenders

    Brokers are expressing their confidence that most monolines will stay and fight increasingly competitive banks in the A market, despite one of their lender recently retreating from that space.

  • Longstanding CAAMP VP to step down

    Brokers may be wondering if there will be a directional change for the national association, with a longstanding CAAMP Vice President set to step down from his post this summer.

  • No surprises in CREA's latest numbers

    Despite a summer housing market surge, home sale activity slowed in December – sparking a trend back to moderation that is expected to carry into 2014.

  • Brokers call for tighter bank regulations

    One broker believes the banks are intentionally pulling the wool over customers’ eyes and is calling for a specific client signoff on collateral mortgages and not just at the time of signing.

  • Brokers apprehensive about potential B-21

    Brokers may not buy into Realtor optimism, with two industry players taking to MortgageBrokerNews.ca’s comments section to air their fears of the impending B-21 guidelines.