Broker hit with compliance order; FSCO warns RBC customers
The Superintendent of Financial Services for FSCO has issued interim compliance and suspension orders against Ralph Iacono and Mortgage Lenders Ltd., and in a separate notice is also warning clients of Royal Bank not to purchase any products from Sentel Insurance.
Proceeds from Kinsley tribute going to education
CAAMP’s Karen Kinsley Tribute Dinner will be helping further education this year, with the Foundation announcing it will use net proceeds from the dinner to establish scholarships for the next generation of “real estate finance” professionals.
Reach out before the banks do, urges IMBA president
The numbers don’t lie – banks are aggressively seeking out and capturing clients who are looking to renew their mortgage.
Will a broker favourite make this year’s lender’s list?
MonCana Bank of Canada has been a broker favourite ever since entering the channel – a popularity that perhaps this year will be reflected in CMP’s Brokers on Lenders survey.
Listening to brokers key to good lending
Those lenders who are perennially near the top of CMP’s Brokers on Lenders survey maintain their position by listening to and learning from brokers, says one industry veteran.
Bigger broker networks can compete with the big banks
One broker is hoping that the larger networks forming in the channel will speak loudly and carry a bigger stick – especially to level the playing field against the five big banks.
Are MICs the canary in the coal mine?
Those involved in MICs should pay close attention to property values – especially if they begin to go into decline, says one industry analyst, who believes investors may be misinterpreting market signals.
How does Canada's Top Broker do it?
Canada’s top mortgage broker shares a few of his trade secrets on turning those ‘tire kickers’ into loyal, life-long clients.
What brokers really think about lenders
Lenders looking for the honest opinion of brokers can look forward to the CMP Brokers on Lenders survey, back again by popular demand. And make no mistake lenders do welcome that frank feedback.
Jailed broker ordered to repay victims $600K
A disgraced New Brunswick mortgage broker has now been ordered to repay his victims $600,000 and banned from the investment industry for life, an encouraging sign for tougher regulations in the mortgage industry, said the president of the East Coast brokers’ association.