BMO settles Alberta fraud lawsuits involving brokers
Mortgage fraud allegations amounting to $69.5 million in Alberta have finally been settled by Bank of Montreal out of court – lawsuits involving a group of mortgage brokers, lawyers and BMO employees.
From nursing to Top 75 broker
You don’t need a doctorate to become a broker – but perhaps a background in nursing might help in getting you onto the CMP Top 75.
CMHC seeks CEO with ‘risk management’ experience
CMHC’s next president and CEO should have risk management on their resume, according to the housing corporation’s advertisement in the Globe and Mail.
MERIX suspends 'stated income'
MERIX Financial is temporarily halting stated income lending – and for one broker, it suggests more monolines will do the same.
Kanetix buys RateSupermarket
Brokers may not like it, but this is the reality of the industry today.
Broker channel brokerages, networks and lenders clinch Profit 500 spots
The broker channel roared its way to its best-ever showing on the PROFIT 500 list, with both individual brokerages and networks claiming spots on the ranking of Canada’s fastest-Growing companies.
CMP owner wins Profit 500 spot
Here’s one for the record books, with a traditional media outlet -- the publisher of CMP and MortgageBrokerNews.ca -- earning a spot on the PROFIT 500 list of Canada’s Fasting-Growing Companies.
Another high-level CMHC staffer gone
Marc McInnis, the VP of insurance underwriting, servicing and policy for CMHC has stepped down, with no reason given.
Lenders slowly returning to southwest Ontario
When the recession hit, brokers turned to the B lenders to bridge the gap during the lean years.
CMHC's requiem for refis?
Refis through CMHC seem increasingly a thing of the past, with Q1 results pointing to an almost-70 per cent drop – a year-over-year decline dwarfing any dip in new mortgage volumes.