Banks' ignorance opens opportunity for monolines
A leading Realtor and developer is frustrated by big banks’ ignorance about -- and unwillingness to provide lending for – an increasingly popular housing option; but perhaps monoline lenders can pick up the slack.
Millennials more willing to rent?
Traditional thinking among Canadians is that homeownership is favourable to renting; an attitude that has boded well for mortgage brokers who have a large majority of the population looking for mortgages to tap into. But what if attitudes shift and biases toward renting decrease?
IA to withdraw 2.99 rate today
The debate about the 2.99 per cent rate is expected to shift Friday, with MortgageBrokerNews.ca learning the lender behind that rate will ditch it by 5 p.m.
Starts to taper over next two years
Developers are finally poised to slacken their pace, and while that may be good news for markets already swimming in condo construction, brokers may have less to celebrate.
Two families choose 'mixer mortgage' for co-ownership
Two Vancouver families have found an unconventional path to homeownership: Co-ownership.
Article misleads public about mortgage brokers
A MoneySense article entitled “5 things your mortgage broker isn’t telling you” has won the scorn of one broker who believes it is misleading and biased.
Brokers making up for drop in refi business
Refinances may be down due to tightened lending guidelines, but brokers are turning to an old stand buy that has some worried desperate clients will be taken advantage of.
Broker network launches new consumer site
A major mortgage broker network unveiled its new website, which focuses on consumer education.
Broker: 2.99 promotion lacks major feature
That hotly-debated 2.99 per cent promotion from Industrial Alliance may, indeed, put standard commissions in the pockets of brokers using it to make waves in the market, but the absence of one key feature takes it off the table for others concerned it will disadvantage clients.
Broker frustrated by bank's 'mortgage vacations'
One broker is frustrated with having to explain the downside of taking “mortgage payment vacations” and is calling on the big banks offering them to come clean with their clients.