One year later: Marking Flaherty’s mortgage rule changes
Happy anniversary? It’s been a year since the mortgage rule changes took effect, and brokers have felt the impact not only on their business, but especially their clients.
Broker would welcome application software choice
There's one application platform that dominates the industry, but some brokers are asking lenders to do what they can to ensure more choice, starting with MorWEB.
IC Funding hopes to reassert itself among Commercial Top 10
CMP magazine is once again looking for the Top 10 commercial brokers in the country, and one brokerage is aiming to make a statement as a force to be reckoned with in the channel.
Penalty protection paying dividends for brokerage
One successful brokerage has found a way to attract new clients without cutting into commissions, but by help clients eliminate risk.
Who will be the next broker bank?
The move by channel lenders to take on “Schedule 1 Bank” status may continue to build, with the head of one trust company sharing his own perceptions with MortgageBrokerNews.ca.
Canadian First Financial gains bank status
First Financial's announcement of bank status lays the groundwork for the introduction of another broker lender.
Alberta mortgage regulations may include banking community
Alberta is ready to examine proposed changes to its broker regulations, and one proposal that is expected to meet resistance from the banking community is the question: What constitutes an individual broker?
CMHC registers first covered bond programs
The Canada Mortgage and Housing Corporation announced the registration of two covered bond programs, with CIBC and RBC coming on board to offer the first registered programs.
Brokers preparing to-do lists for FSCO
This week’s appointment of parliamentary assistant Steven Del Duca to oversee a five-year review of Ontario’s Mortgage Brokers Act has already spawned a slew of broker wish lists for what could and should be tweaked to better the industry.
The new $100K ceiling...
It’s now the unspoken rule of A lenders, charge brokers: BFS clients declaring income north of $100K are quite simply persona non-grata.