News

  • Decade long slowdown for brokers: report by Vernon Clement Jones | 08 Aug 2012

    A new bank report is suggesting mortgage brokers may be in for an extended slowdown in the real estate market. read more

  • Brokers fret about possible ING sale by Nestor Arellano | 07 Aug 2012

    Mortgage brokers are worried that one of Canada’s big five banks might snap up ING Direct – its parent company now announcing the review of “strategic options” to sell the broker channel lender. read more

  • Torstar joins rate-site business by Vernon Clement Jones | 07 Aug 2012

    The country’s largest newspaper publisher is taking on RateSupermarket and other online lead generators, launching its own rate comparison site, largely based on broker buy-downs. read more

  • T.O. first-time buyers leave the building by Vernon Clement Jones | 07 Aug 2012

    A 10 per cent slip in Toronto condo sales forced an overall decline of 1.5 per cent in Canada’s most buoyant market last month, according to the city's real estate board. read more

  • ING contemplating Canadian exit strategy by Nestor Arellano | 03 Aug 2012

    Struggling to stay in the black amid bad loans and declining margins, Netherlands-based ING says it is considering selling off its very successful Canadian operation. read more

  • Broker: Insurer biased toward branches by Nestor Arellano | 03 Aug 2012

    Are mortgage insurers playing favourites? Yes, they are, according to some mortgage brokers arguing that preferential treatment is increasingly extended to the banks – and at the expense of broker reputations. read more

  • Flaherty: No more rule changes ... by MBN | 02 Aug 2012

    Phew? Brokers heard it just before Jim Flaherty moved to change the mortgage rules, but the finance head is once again suggesting no more tinkering is on the agenda. read more

  • 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