Latest news

  • Penalty protection paying dividends for brokerage

    One successful brokerage has found a way to attract new clients without cutting into commissions, but by help clients eliminate risk.

  • Who will be the next broker bank?

    The move by channel lenders to take on “Schedule 1 Bank” status may continue to build, with the head of one trust company sharing his own perceptions with MortgageBrokerNews.ca.

  • Canadian First Financial gains bank status

    First Financial's announcement of bank status lays the groundwork for the introduction of another broker lender.

  • Alberta mortgage regulations may include banking community

    Alberta is ready to examine proposed changes to its broker regulations, and one proposal that is expected to meet resistance from the banking community is the question: What constitutes an individual broker?

  • CMHC registers first covered bond programs

    The Canada Mortgage and Housing Corporation announced the registration of two covered bond programs, with CIBC and RBC coming on board to offer the first registered programs.

  • Brokers preparing to-do lists for FSCO

    This week’s appointment of parliamentary assistant Steven Del Duca to oversee a five-year review of Ontario’s Mortgage Brokers Act has already spawned a slew of broker wish lists for what could and should be tweaked to better the industry.

  • The new $100K ceiling...

    It’s now the unspoken rule of A lenders, charge brokers: BFS clients declaring income north of $100K are quite simply persona non-grata.

  • Will brokers and Realtors ever agree?

    Brokers and Realtors are divided once again, this time over what if any impact a new plan to reduce Toronto’s land transfer tax will have on a slow real estate market.

  • Renewal time for brokers?

    Counsel Corporation has seen its stock price double in less than a year – success that could be worth some attention by mortgage brokers, who are more focused on new volume than renewals.

  • RBC now raises special fixed rate

    RBC is one again leading the push to higher fixed rates, taking its “special” 5 year rate to a hefty 3.69 per cent, effective Wednesday.