Focus on refis, not first-timers
Instead of focusing on first-time buyers, CAAMP should push Ottawa on refinancing restrictions, says one industry vet, reacting to news the association has now tailored its lobby efforts.
TD report balances gloomy housing predictions
According to a new report from TD Economics, brokers need not worry about the housing market crashing over the next ten years. That said, it isn’t pegged to perform admirably, either.
Mortgages before March break
Sorry, kids. Brokers are gladly forsaking March Break vacation to capitalize on the return of first-time buyers to a flagging housing market.
Toronto condo market carrying housing starts
Slumping February numbers for housing starts nationwide in no way reflected the spectacular growth shown in Toronto.
D+H: Lawsuit without merit
D+H is vigorously denying the allegations of a potential class action suit yet to prove it transmitted personal information to a creditor insurance provider without client consent.
Grow-op registry only alienates lenders
A bill to establish a marijuana grow operation and clandestine drug laboratory registry in Ontario will only stigmatize properties and punish consumers, says one mortgage agent.
Big lenders will follow BMO bandwagon
BMO’s posted 5-year-fixed rate of 2.99 is nothing new, says True North’s CEO Dan Eisner; still other major lenders will be quick to follow suit despite warnings from federal finance minister Jim Flaherty of a potential rate war.
Industry vet: Fraudster's sentence hurts brokers
Nova Scotia veteran Richard LeBlanc is upset that a convicted mortgage fraudster has been handed what he terms a slap on the wrist, a lenient sentence that threatens to tar all brokers with the same brush.
Assoc. prez: Federal regulation won’t 'turn' CUs
Mortgage brokers shouldn’t worry that credit unions opting for federal regulation will morph into big, bad banks, says the head of one industry association.
Brokers say “Thank you BMO”
BMO’s 2.99 5-year-fixed rate announcement has got people talking and Googling, helping kick start the spring housing market for its competitors; namely, brokers.