News

  • Gold boom dulls market for brokers by Nestor Arellano | 02 Aug 2012

    Northern Ontario’s booming mining industry is in many cases hampering business for mortgage brokers, forced to focus on refis as a scarcity of houses and startling price gains reduce the number of new purchases. read more

  • FirstLine raises First National originations by Vernon Clement Jones | 02 Aug 2012

    First National saw originations skyrocket in the second quarter, rising 48 per cent from the year-ago period – something it chalks up to FirstLine`s departure. read more

  • Home Trust: Let the good times roll by Vernon Clement Jones | 02 Aug 2012

    The good times continue to roll for alternative lenders, with Home Trust reporting $1.67 billion in originations for the second quarter as tighter rules for A-lenders kicked in. read more

  • B.C. broker back for second season of Oprah reality show by Nestor Arellano | 01 Aug 2012

    Lightening rarely strikes twice, unless you’re Vancouver mortgage broker Jessi Johnson, now invited back for the second season of an Oprah Winfrey reality show. read more

  • Genworth bags CMHC 'bulk' business by Vernon Clement Jones | 01 Aug 2012

    Genworth saw its high-ratio premiums slip in the second quarter compared to the year-ago period, driven by weakening demand and growth in low-loan-to-value activity read more

  • Precedent finding in broker 'espionage' conflict by Nestor Arellano | 31 Jul 2012

    In what could well be a precedent-setting case, CAAMP has found a broker in violation of its code of conduct for effectively using a competitor’s name to drive traffic to his own website. read more

  • Top 10 Commercial Brokers comes to CMP by CMP | 31 Jul 2012

    Canada’s most successful residential brokers will step into the floodlights of the CMP Top 75 this August, but their counterparts in the commercial sphere will now shine under their own spotlight in September. read more

  • Banks keeps clear of rate wars by Nestor Arellano | 30 Jul 2012

    Banks are avoiding what appears to be a looming rate war by sticking to five-year fixed rates at or around 3.09 per cent even as other lenders race toward 2.84 per cent. read more

  • MAC Rally of Hope completes 7,500km ride by MBN | 30 Jul 2012

    The MAC Rally of Hope pulled into St. John’s, Friday – some 12 day after setting off from Port Moody, B.C., in its annual motorcycle ride to raise funds and hope for cancer causes. read more

  • Frustrated veterans considers 'Plan B' by Nestor Arellano | 27 Jul 2012

    A 13-year veteran is actively contemplating a career switch to real estate appraisal, blaming a slowdown but also the loss of a competitive edge due to the FirstLine closure. read more