Budget targets bulk mortgages
Thursday’s federal budget could have been a lot worse, say some brokers while others are anxious about any potential fallout for BFS clients and monolines.
More than a new look for MortgageBrokerNews.ca
MortgageBrokerNews has a new look, just in time for a new season.
Flaherty pulling wrong lever, says former TD economist
Former TD Chief Economist and Department of Finance analyst is perplexed by Jim Flaherty’s obsession over mortgage rates, and sees a rate of 2.95 as being in step with bond yields.
How low can you go – 2.84
Jim Flaherty needs to “stay out” of the affairs of banking, say mortgage brokers, as one channel lender throws down the gauntlet with the introduction of a 2.84 per cent rate.
Regulations, affordability hampering Gen Y buyers
Regulatory hurdles and affordability are the major barriers to Generation Y to jumping into the housing market, says a recent Royal LePage survey.
ING transition to Scotia almost complete
With the transition of ING employees to Scotia, many have found employment elsewhere in the industry, despite a goal for 100 per cent placement within the major lender, says the former head of broker sales with ING, Kim Luxton.
Manulife, the mouse that almost roared
Manulife’s decision to reverse a 20 bps mortgage cut – only after a phone call from the ministry of finance – is drawing criticism from brokers, but also praise.
Broker a finalist in Kraft Canada hockey
Don Stoddart is always looking for business – but this weekend, he is also looking for votes.
RBC’s Rate Match no match for brokers?
Brokers are describing RBC’s newly launched Rate Match campaign in less than glowing terms, pointing out the exclusion of monolines as evidence of a broker’s skill at finding the best deal.
Choosing a broker pays $100,000
There is poetic justice in a woman winning $100,000 from the brokerage that secured her mortgage from the bank that originally turned her down.