News

  • Population growth will cure housing market: analyst by Donald Horne | 25 Apr 2013

    The only sure cure for Ontario’s sagging housing market is more people moving into the province, a CMHC analyst told brokers last week. read more

  • HELOCs, lines of credit at virtual standstill by Vernon Clement Jones | 24 Apr 2013

    Growth in HELOCs and other lines of credit have slowed to a virtual standstill, according to a new report from Equifax, suggesting brokers looking for real growth in that segment face increasing disappointment. read more

  • Association arms brokers for a fair fight by Donald Horne | 24 Apr 2013

    The Mortgage Brokers Association of B.C. is following its Ontario counterpart in offering member coverage for legal services in the event of an investigation by FICOM or a CRA audit. read more

  • Medicine's loss is the channel's gain by CMP | 24 Apr 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

  • Breathing life back into the B.C. market by Donald Horne | 23 Apr 2013

    Guaranteeing value for nervous West Coast homebuyers has transformed a market mired in a glut of inventory into the goose that laid the golden egg for one B.C. broker. read more

  • The cost of blind faith in a bank by Donald Horne | 23 Apr 2013

    The case of an ill woman coming close to losing her home because of a bank oversight has highlighted the value-add of brokers over branch representatives, argue channel veterans. read more

  • Broker: FSCO to blame for channel mediocrity by Donald Horne | 23 Apr 2013

    Probably 75 per cent of brokerages are operated by unsuccessful mortgage professionals, and that can be laid at the feet of FSCO, says one broker. read more

  • Debt, housing and economy will factor in rate increase by Donald Horne | 22 Apr 2013

    Bank of Canada Governor Mark Carney is looking for more substantial economic growth before hiking his the Overnight rate; but he is also factoring in the housing market and personal debt before making any decision. read more

  • Strength in the face of adversity by CMP | 22 Apr 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

  • FSCO getting tough on compliance by Donald Horne | 22 Apr 2013

    FSCO is vowing to crack down on brokerages not following the rules and in the coming months will start with the mandatory policy and procedures manual. read more