News

  • Brokers at par with banks on new mortgages - CAAMP. by Nestor Arellano | 19 Nov 2012

    Broker gripes aside, the new mortgage rules may have helped them grow market share, with CAAMP’s latest report suggesting brokers are now even Stephen with banks in terms of new mortgage originations. read more

  • Majority of Canadians managing mortgages well by Nestor Arellano | 19 Nov 2012

    More than two thirds of Canadians are “comfortable with their debt” and are able to pay down their mortgages, suggesting that the stringent lending rules introduced by the government this summer may have been unnecessary, according the annual report released by CAAMP this week. read more

  • Alternative lender boosts securitization and broker options by Nestor Arellano | 19 Nov 2012

    Equitable Trust says it aims to ramp up mortgage securitization in 2013 using “a new tool” that could ultimately expand options for brokers and their clients across the sector. read more

  • Sources: O'Leary to create white label by Vernon Clement Jones | 16 Nov 2012

    Sources are telling MortgageBrokerNews.ca more about Kevin O’leary’s foray into the industry, suggesting he'll brand a white-label product offered by a leading mortgage servicing company then use his name and an advertising campaign to generate leads -- leads meant to bypass brokers. read more

  • 'Rate-less' website pays off by Nestor Arellano | 16 Nov 2012

    A year after he decided to remove rate charts from his website in favour of “more quality content," a Vancouver broker is billing his increased traffic as proof of a winning strategy. read more

  • Verico partners with Brian Tracy for new broker webinar by Nestor Arellano | 16 Nov 2012

    Verico is poised to launch business development webinars with motivational speaker Brian Tracy, aimed at pushing its mortgage professionals forward, even as the market falls back. read more

  • Borrowers not interested in bumping up line of credit by Nestor Arellano | 15 Nov 2012

    Initial interest on credit unions offering HELOCs with a higher LTV than what OSFI mandates appear to have died down as some brokers report that borrowers appear satisfied with current mortgage rates offered by banks and other lenders. read more

  • 2013 no 'write-off' for brokers by MBN | 15 Nov 2012

    Breathe easy, brokers, especially you in Alberta: a new report on Canada’s housing market is attempting to fell the “doom and gloom” prophecies now taking root. read more

  • Debt sidelining homeowner dreams by Vernon Clement Jones | 14 Nov 2012

    A new report detailing a rise in unsecured credit is providing fodder for brokers concerned Ottawa has erred in focusing on mortgages. read more

  • New audio textbook for agents course by Vernon Clement Jones | 14 Nov 2012

    Students studying for an agent’s license in Ontario may now have an easier time of assimilating all that information, with one course provider introducing an audio version of its textbook. read more