News

  • Star story still holds value, says Babber by Donald Horne | 08 May 2013

    A controversial Toronto Star article showcasing broker know-how still hold value, say the broker at the centre of the conflict, suggesting clients will look past the corrections and clarifications to see the value in choosing a mortgage broker. read more

  • CMHC report shows loss of bulk insurance business by MBN | 08 May 2013

    CMHC’s bulk insurance fund stood at a virtual standstill last year as the government clawed back on lender access to that portfolio insurance, making it harder for brokers to secure financing for clients. read more

  • Tough 2012? Not for this broker by CMP | 08 May 2013

    MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto. read more

  • Strict underwriting rules crucial to MIC success by Donald Horne | 07 May 2013

    Brokers love liberal underwriting rules, but that makes for a possible conflict of interest if those mortgage professionals then take on the role of gatekeeper at a MIC, warns one mortgage expert. read more

  • Stick to the issues CAAMP, broker urges by Donald Horne | 07 May 2013

    Another article in the Toronto Star has showered praise on mortgage brokers, but one broker feels his industry is being done a disservice with what he calls “PR pieces” by CAAMP, when instead it should be addressing real concerns in the channel such as REDX reports. read more

  • Making dreams come true by CMP | 07 May 2013

    MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto. read more

  • Kinsley confirms departure from CMHC by Donald Horne | 06 May 2013

    The worst-kept secret in the channel is official – Karen Kinsley is stepping down as president and CEO of Canada Mortgage and Housing Corporation. read more

  • Brokers pleased with Poloz as BoC governor by Donald Horne | 06 May 2013

    Brokers are giving a thumbs-up to the appointment of Stephen Poloz as Canada’s next governor of the Bank of Canada. read more

  • Storefront brokerages an expensive lesson by Donald Horne | 06 May 2013

    One broker remembers the expensive lesson learned by brokers a few years ago in opening storefront locations in high traffic retail centres, and sees the BMO micro-branch model succeeding if costs can be controlled. read more

  • CAAMP pushes Ottawa to leave ABCPs alone by Donald Horne | 06 May 2013

    Following the last federal budget, those dealing in Asset Backed Commercial Paper have held their breath over the government’s move to limit housing risk, but CAAMP remains hopeful Ottawa is open to compromise. read more