News

  • Credit Suisse scandal reinforces lending reticence by Donald Horne | 17 Apr 2013

    A guilty plea entered by a former Credit Suisse Group AG trader relating to the alleged inflation of U.S. subprime mortgage bond prices only reinforces reluctance among Canadian lenders, and that is unwarranted, says one broker. read more

  • CRA clampdown highlights broker value-add by Donald Horne | 16 Apr 2013

    The recent Canada Revenue Agency interest in people claiming their condos as homes instead of investment properties is long overdue, says one mortgage broker, also suggesting the crackdown illustrates the role brokers can play. read more

  • DLC scoring clients with playoff pool by Donald Horne | 16 Apr 2013

    DLC opened registration for its NHL playoff hockey pool Monday, and it is proving a useful tool for engaging clients and bringing in new customers. read more

  • Brokering isn't a job - but a passion by CMP | 16 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

  • CREA numbers for March drastically down by Donald Horne | 15 Apr 2013

    Home sales were up slightly nationwide for the month of March, but remain well below levels recorded from a year ago, according to statistics released today by the Canadian Real Estate Association (CREA). read more

  • Internet use building monoline support, say brokers by Donald Horne | 15 Apr 2013

    Client trust in the Internet has grown, a phenomenon making it increasingly easy for brokers to sell monolines and not just their branch-heavy brethren. read more

  • A broker who thrives on referrals by CMP | 15 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

  • Banks are 'getting away with it,' says broker by Donald Horne | 12 Apr 2013

    Brokers are disappointed that the government’s move to tighten up the complaints process for banks does nothing to address the issue of unlicensed mortgage specialists or the fact their employers effectively control the process. read more

  • A definite original in the channel by CMP | 12 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

  • Big bank increases ‘appetite’ for credit cards by Donald Horne | 12 Apr 2013

    As Scotia Bank’s CEO Richard Waugh was telling finance minister Jim Flaherty to mind his own business over mortgages, he also broadly hinted his bank was prepared to expand its unsecured lending – a move one broker sees as counterproductive. read more