News

  • Big banks are abusing their power by Donald Horne | 05 Mar 2013

    One leading broker is echoing Jim Flaherty’s concerns about bank irresponsibility, following BMO’s announced 2.99 rate on a 5-year-fixed mortgage Saturday, cautioning an abuse of the public trust. read more

  • Broker urges investment over trailer fees by Donald Horne | 04 Mar 2013

    The issue of trailer fees is once again sparking debate among brokers as they look to secure their financial futures in very insecure times. read more

  • Brokers back up rhetoric with business by Donald Horne | 04 Mar 2013

    New market share numbers suggest brokers are backing up their rhetoric about preferring to use monolines over the big banks as never before. read more

  • New monolines: The little engines that could by Donald Horne | 04 Mar 2013

    An explosive fourth quarter for two growing monolines suggests smaller non-bank lenders are increasingly the little engine that could. read more

  • FirstLine deals a blow to CIBC profits by Donald Horne | 01 Mar 2013

    CIBC’s decision to limit broker originations to its own network following the closure of FirstLine is now reflected in its bottom line, specifically its Q1 results. read more

  • Merix/Paradigm Quest wins new owner by Vernon Clement Jones | 28 Feb 2013

    Controlling interest in Merix Financial has been sold to a large international equity firm, the lender’s CEO Boris Bozic told MortgageBrokerNews.ca, also sharing the news with employees Thursday. read more

  • Worry over rule changes grows by Donald Horne | 28 Feb 2013

    It may be the understatement of the year, but early poll results suggest worries about the impact of last July’s rule changes continues to grow as the market slows. read more

  • B.C. brokers urge a rethink of planned MIC regs by Donald Horne | 28 Feb 2013

    MBABC is asking the securities commission to rethink how it will regulate MICs in B.C. read more

  • Brokers support CMHC foreclosure policy by Donald Horne | 28 Feb 2013

    CMHC’s request Realtors refrain from labeling properties as "in foreclosure" on MLS was, in fact, designed to protect the market from the kind of collapse the U.S. is still recovering from, suggest brokers supportive of the policy. read more

  • Low rates pay big dividends for BMO by Donald Horne | 27 Feb 2013

    BMO is now sharing details about the infamous 2.99 campaign that sparked last year's vicious rate wars, suggesting it brought in a sizable number of new clients -- customers who didn't just stop at taking out a mortgage. read more