News

  • Turnaround times worry brokers by Vernon Clement Jones | 24 Aug 2012

    CMP’s upcoming Brokers on Lenders survey should highlight the growing concern brokers have about turnaround times, as they fight to retain a dwindling number of deals. read more

  • Credit unions excite brokers and ... by Nestor Arellano | 24 Aug 2012

    Canadians are once again ranking credit unions as first in customer service, even as brokers anticipate new legislation will draw them deeper into the channel. read more

  • Craziest’ things any broker has done for a deal by MBN | 23 Aug 2012

    From offering to fill a client’s fridge with $1,000 of beer to promises of a romantic “date” with a seller, a new survey suggests Realtors are resorting to all sorts of weird ploys to seal a deal in this tight market. read more

  • TD matches RBC’s five-year fixed by Nestor Arellano | 23 Aug 2012

    It’s a rate war in reverse, with TD following RBC’s decision to set a five-year fixed well above the broker’s best. read more

  • No sharp dive in housing market says CIBC economist by Nestor Arellano | 23 Aug 2012

    Brokers can breathe a sigh of relief, according to a top CIBC economist, suggesting the anticipated housing decline will not be as sharp or as long as earlier projected because of immigration. read more

  • TransUnion to brokers: consumers in tough by Vernon Clement Jones | 23 Aug 2012

    Consumer debt levels have now reached their highest level in ten years, according to a new report from a credit reporting agency. read more

  • Correction: DLC claims 26 agents on Top 75 by | 22 Aug 2012

    CMP correction: Dominion Lending Centres, in fact, claimed the largest number of brokers on this year’s Top 75 read more

  • Brokers: Cut pooling? Cut volume requirements by Nestor Arellano | 22 Aug 2012

    Fair is fair, says one seasoned mortgage professional: If lenders are bent on scrapping volume pooling, then, they must consider lowering their minimum volume requirements. read more

  • Fitch: tough times for mortgage lending by Nestor Arellano | 22 Aug 2012

    Here’s one occasion when bad news for banks is likely just as bad for brokers. Despite a solid performance by the Big Six in the first half of 2012, an international credit rating agency suggests the entire mortgage market is in for a rough ride through to the end of the year. read more

  • First Nat sparks debate on volume pooling by Nestor Arellano | 21 Aug 2012

    First Nat’s move to cut brokers compensation and end its Wizard Spending Account program has exposed a divide in the channel on the issue of volume pooling, with some suggesting the practice is now drawing to a rightful end. read more