Royal Bank of Canada boosted its first-quarter net income by 24 per cent to $3.03 billion
RBC’s announced rate hike Friday is a signal the big bank is laying down its weapon of choice at least for the time being, say brokers.
With less than two weeks left on the clock, CMP is counting the largest number of first-time submissions ever – proof of the growing desire to differentiate yourself from the competition.
U.S. mortgage insurer Genworth Financial announced they are cutting 400 jobs to reduce costs by up to $90 million a year - but those cuts will not be felt north of the border.
Here's a story you can share with your clients who only want to talk about rate.
The new Bank of Canada governor Stephen Poloz delivered his speech before the House of Commons finance committee this morning. Here are the highlights of his address:
Rate sites may be inevitable, but if third-party sites are left unchecked there is a real danger that they will one day gain irreversible pricing power over brokers, cautions one broker.
Mortgage fraud allegations amounting to $69.5 million in Alberta have finally been settled by Bank of Montreal out of court – lawsuits involving a group of mortgage brokers, lawyers and BMO employees.
You don’t need a doctorate to become a broker – but perhaps a background in nursing might help in getting you onto the CMP Top 75.
CMHC’s next president and CEO should have risk management on their resume, according to the housing corporation’s advertisement in the Globe and Mail.
MERIX Financial is temporarily halting stated income lending – and for one broker, it suggests more monolines will do the same.