Latest news

  • Industry player on how to handle press, good or bad

    One industry player suggests all press about brokers is an opportunity to engage clients; his opinion coming on the heels of what many consider a negative story.

  • Broker network exec questions value of AMP

    One executive at a broker network is sharing his thoughts on CAAMP’s move to overhaul the AMP designation and his suggested priority list for the association.

  • Broker Lifestyle prize winner revealed

    CMP received an overwhelming response for its first-ever Broker Lifestyle issue and one lucky contributor will be receiving a Samsung Galaxy Tab in the mail this week.

  • Fixed rates to remain low until 2015 spike

    The Canadian Mortgage and Housing Corporation is forecasting fixed-interest rates increases in 2014, though brokers can breathe a sigh of relief as rates are still expected to remain historically low.

  • The 'Gordon Gekko' of the mortgage industry?

    When your own attorney compares you to Gordon Gekko in court filings, it’s probably not a good sign.

  • Are 3D printed homes the future?

    Don’t worry: We’re not talking about homes made of Playdo or, even, plaster of Paris. Rather brokers may soon be arranging mortgages for cement houses made entirely by 3D printing.

  • Broker calls for insurers to provide flagged properties list

    One industry player is calling on the mortgage insurers to make a list of red-flagged properties available to mortgage brokers and Realtors, after a deal fell through in the 11th hour.

  • TD mortgage clause change

    One broker said he is getting nowhere in trying to find out why TD has altered the fine print in its VRM contracts for conventional mortgages – specifically around when a spike in LTV triggers demand for a lump-sum payment or a new appraisal.

  • Banks' ignorance opens opportunity for monolines

    A leading Realtor and developer is frustrated by big banks’ ignorance about -- and unwillingness to provide lending for – an increasingly popular housing option; but perhaps monoline lenders can pick up the slack.

  • Millennials more willing to rent?

    Traditional thinking among Canadians is that homeownership is favourable to renting; an attitude that has boded well for mortgage brokers who have a large majority of the population looking for mortgages to tap into. But what if attitudes shift and biases toward renting decrease?