Debt-servicing changes stir brokers
A move by two lenders to change their calculations on debt servicing ratios vis a vis unsecured lines of credit is raising broker eyebrows.
CMHC, bulk coverage on Flaherty’s radar
Finance Minister Jim Flaherty told reporters last week that he had “no plans” to intervene in the nation’s housing market anytime soon – but only yesterday told a Senate committee that he is examining the role of the CMHC “very closely,” including a look at portfolio insurance.
Top brokers find success going back to basics
Many of the candidates aspiring to be CMP Top 75 brokers have gone back to the basics, with an emphasis on sales and not sidelines.
Housing market facing 5-year slump, says CAAMP
A CAAMP survey released today shows a housing market that is in trouble, and in danger of struggling for another five years.
Dickson stepping down as OSFI head
A source at OSFI is now confirming the regulatory chief who ushered in the tightest lending guidelines in recent history will step down after her one and only term ends.
Brokers taking on the mantle of money managers
More and more industry professionals are becoming informal investment advisers in addition to brokering, helping clients better balance their lifestyles and finances.
Church-and-State separation crucial for in-house MICs, say brokers
Forming an in-house MIC was one of the more popular sessions at the recent Mortgage Summit – and the most important message brokers came away with is the need to keep those writing the deals and those approving the deals at arm’s length.
Eisman upbeat on U.S., down on Canadian housing
The man who earned his street cred by betting against subprime mortgages in the U.S., said he is pessimistic about the Canadian housing market where rising prices haven’t been accompanied by personal income growth.
Twitter not just for celebrities, says broker
Twitter is helping brokers grow their businesses, and the twittering and tweeting at last week’s Mortgage Summit was indicative of the growing popularity of this social format.
Broker ensnarled by REDX error
A Toronto broker wants the same high standards currently applied to mortgage brokers placed on REDX reporting – having herself fallen victim to an apparent case of mistaken identity.