News

  • Manulife and mortgage brokers become partners by Nestor Arellano | 24 Oct 2012

    Brokers will effectively move closer to one of the country’s largest insurance companies, with its purchase of the industry' s largest creditor insurance player. read more

  • Scotia to brokers: commission cut is 'growth opportunity' by Nestor Arellano | 24 Oct 2012

    Brokers are scratching their heads over comments from a Scotia exec suggesting they view the commission cut as “a growth opportunity." read more

  • Rate transcends network lines by Nestor Arellano | 23 Oct 2012

    An increasing number of brokers seem prepared to cross “network lines” to get to new lenders, with agents outside the Pacific Mortgage Group expressing interest in Radius’s 2.94 per cent offer. read more

  • BMO, the bearer of good news? by Nestor Arellano | 23 Oct 2012

    There seems to be some sliver of light at the end of a long dark tunnel for brokers with BMO’s latest Housing Confidence Report indicating that nearly half of all Canadians intend to purchase a home within the next five years. read more

  • Flaherty: No more room for rule changes by Nestor Arellano | 22 Oct 2012

    Brokers have heard it before, but the Finance minister is saying it again – this time with more conviction – arguing the government simply has no more room to play with the mortgage rules. read more

  • Do I hear 2.94 per cent? by Vernon Clement Jones | 22 Oct 2012

    Radius Financial formally introduced its RateWise Mortgage Monday, pointing to both its 2.94 per cent on a five-year term and its more restrictive prepayment allowances. read more

  • CMHC stands by emili’s accuracy by Nestor Arellano | 22 Oct 2012

    The CMHC is once again defending Emili from a media report suggesting the system may have put the country at risk for a U.S.-style mortgage crash. read more

  • Product News - November 2012 by CMP | 21 Oct 2012

    A bite-sized guide to the industry`s newst products as they come down the channel. read more

  • Alberta avoids Ontario broker cull by Nestor Arellano | 19 Oct 2012

    It’s a tale of two re-licensing processes, with Alberta escaping the agent cull that hit Ontario earlier this year. read more

  • Brokers blame buydowns for Scotia chop by Nestor Arellano | 19 Oct 2012

    Buying down rates not only cheapens the value of a broker’s work, but could be directly responsible for any slash to broker compensation, according to one mortgage broker. read more