RBC cuts mortgage rates
Fears that RBC’s latest move to whittle down its fixed rates will set off the kind of rate war BMO did in 2012 are largely unfounded, argues one broker, suggesting this latest cut is a “marketing ploy.”
DLC honours broker who passed away
Dominion Lending Centres is honouring one of its own who passed away suddenly over the Holidays.
Toronto brokerage scores big bank coup
Rack up another for the broker channel, with a successful bank defector joining a Toronto brokerage as it readies to take on 2014.
Brokers confident in monoline A-lenders
Brokers are expressing their confidence that most monolines will stay and fight increasingly competitive banks in the A market, despite one of their lender recently retreating from that space.
Longstanding CAAMP VP to step down
Brokers may be wondering if there will be a directional change for the national association, with a longstanding CAAMP Vice President set to step down from his post this summer.
No surprises in CREA's latest numbers
Despite a summer housing market surge, home sale activity slowed in December – sparking a trend back to moderation that is expected to carry into 2014.
Brokers call for tighter bank regulations
One broker believes the banks are intentionally pulling the wool over customers’ eyes and is calling for a specific client signoff on collateral mortgages and not just at the time of signing.
Brokers apprehensive about potential B-21
Brokers may not buy into Realtor optimism, with two industry players taking to MortgageBrokerNews.ca’s comments section to air their fears of the impending B-21 guidelines.
Lender expands to Prairies
One lender is making it easier for brokers in Manitoba and Saskatchewan who have resolved to do more trailer fee-driven deals by expanding into the Prairie Provinces in 2014.
Senator's alleged mortgage fraud offers cautionary note for brokers
Newly released court documents -- alleging a former senator committed mortgage fraud on a home he billed Senate expenses for -- serve as a cautionary tale for brokers.