• Brokers:New rules should drop approval times by Nestor Arellano | 16 Jul 2012

    The tougher mortgage rules may shut a significant number of borrowers out of the market, but mono-lines should turn that into an opportunity to speed up approval times, argue brokers. read more

  • Credit unions hounded for HELOCs by Nestor Arellano | 13 Jul 2012

    Brokers are on the hunt and credit unions are already welcoming a wave interest as new federal guidelines limit HELOCs at the banks and make their own higher LTVs more enticing. read more

  • Top Broker submissions set new record by MBN | 13 Jul 2012

    With a Monday deadline looming, the number of submissions for the CMP Top brokers list has more than doubled last year's, suggesting mortgage professionals are increasingly willing to disclose funded volumes in exchange for a marketing boost. read more

  • Veteran: Most brokers will accept CIBC offer by Nestor Arellano | 12 Jul 2012

    Mortgage brokers are now voicing relatively favourable critiques of CIBC’s offer to buy their FirstLine BasisPOINTS, with at least one veteran going so far as to call it “a pretty good deal.” read more

  • Happy days for Vancouver brokers? by Nestor Arellano | 12 Jul 2012

    Mortgage brokers in Canada’s priciest market may soon catch a break, with the release of CIBC’s latest Employment Quality Index indicating their province leads the country in creating high-paying jobs. read more

  • True North answers critics by Vernon Clement Jones | 12 Jul 2012

    True North’s 2.99 per cent offer was in no way a “loss leader,” says the company’s owner, suggesting it’s leading sales in markets where offered. read more

  • A-lenders playing BFS by the letter by Vernon Clement Jones | 12 Jul 2012

    A-lenders are already observing the strictest letter of the law on BFS applications, argue brokers largely dependent on those deals and now forced to shift as much as half of them to alternative lenders. read more

  • OSFI guidelines hit Smith Manoeuvre by Nestor Arellano | 12 Jul 2012

    New OSFI guidelines offer less than good news for mortgage brokers who deal in the Smith Manoeuvre. read more

  • Application deluge? Try application dud by Nestor Arellano | 11 Jul 2012

    Many mortgage brokers anticipating a deluge of clients eager to beat the mortgage rule changes were disappointed by the actual number of customers who came knocking at their doors last month. read more

  • Mortgage specialists crowd out brokers on Kijiji by Nestor Arellano | 11 Jul 2012

    It’s the online classifieds that road reps swear by, although skeptical brokers have been reluctant to follow their lead. read more