News

  • D+H: Lawsuit without merit by Donald Horne | 11 Mar 2013

    D+H is vigorously denying the allegations of a potential class action suit yet to prove it transmitted personal information to a creditor insurance provider without client consent. read more

  • Grow-op registry only alienates lenders by Donald Horne | 11 Mar 2013

    A bill to establish a marijuana grow operation and clandestine drug laboratory registry in Ontario will only stigmatize properties and punish consumers, says one mortgage agent. read more

  • Big lenders will follow BMO bandwagon by Donald Horne | 08 Mar 2013

    BMO’s posted 5-year-fixed rate of 2.99 is nothing new, says True North’s CEO Dan Eisner; still other major lenders will be quick to follow suit despite warnings from federal finance minister Jim Flaherty of a potential rate war. read more

  • Industry vet: Fraudster's sentence hurts brokers by Donald Horne | 08 Mar 2013

    Nova Scotia veteran Richard LeBlanc is upset that a convicted mortgage fraudster has been handed what he terms a slap on the wrist, a lenient sentence that threatens to tar all brokers with the same brush. read more

  • Assoc. prez: Federal regulation won’t 'turn' CUs by Donald Horne | 07 Mar 2013

    Mortgage brokers shouldn’t worry that credit unions opting for federal regulation will morph into big, bad banks, says the head of one industry association. read more

  • Brokers say “Thank you BMO” by Donald Horne | 07 Mar 2013

    BMO’s 2.99 5-year-fixed rate announcement has got people talking and Googling, helping kick start the spring housing market for its competitors; namely, brokers. read more

  • T.O. becomes North America's fourth-largest city by | 06 Mar 2013

    Data issued at a meeting of Toronto's Economic Development Committee may comfort brokers worried about sustainable mortgage demand, with Canada's largest city now overtaking Chicago as North America's fourth largest city. read more

  • MCAP feasts on FirstLine spoils by Donald Horne | 06 Mar 2013

    New volume numbers suggest MCAP was the chief beneficiary of FirstLine’s shutdown. read more

  • Toronto brokers in tough by Vernon Jones | 06 Mar 2013

    Brokers in Canada's largest market now have tangible proof of what they've long suspected, with the local Realtors association reporting a 15 per cent year-on-year decline in home sales for February, even as the average sales price rose 2 per cent over the same year-ago period. read more

  • Trailer fees require accountability by Donald Horne | 05 Mar 2013

    Lenders need to be held accountable for trailer fee commissions, and CAAMP is the body that should do it, says one B.C. broker. read more