Latest news

  • Majority of Canadians managing mortgages well

    More than two thirds of Canadians are “comfortable with their debt” and are able to pay down their mortgages, suggesting that the stringent lending rules introduced by the government this summer may have been unnecessary, according the annual report released by CAAMP this week.

  • Alternative lender boosts securitization and broker options

    Equitable Trust says it aims to ramp up mortgage securitization in 2013 using “a new tool” that could ultimately expand options for brokers and their clients across the sector.

  • Sources: O'Leary to create white label

    Sources are telling MortgageBrokerNews.ca more about Kevin O’leary’s foray into the industry, suggesting he'll brand a white-label product offered by a leading mortgage servicing company then use his name and an advertising campaign to generate leads -- leads meant to bypass brokers.

  • 'Rate-less' website pays off

    A year after he decided to remove rate charts from his website in favour of “more quality content," a Vancouver broker is billing his increased traffic as proof of a winning strategy.

  • Verico partners with Brian Tracy for new broker webinar

    Verico is poised to launch business development webinars with motivational speaker Brian Tracy, aimed at pushing its mortgage professionals forward, even as the market falls back.

  • Borrowers not interested in bumping up line of credit

    Initial interest on credit unions offering HELOCs with a higher LTV than what OSFI mandates appear to have died down as some brokers report that borrowers appear satisfied with current mortgage rates offered by banks and other lenders.

  • 2013 no 'write-off' for brokers

    Breathe easy, brokers, especially you in Alberta: a new report on Canada’s housing market is attempting to fell the “doom and gloom” prophecies now taking root.

  • Debt sidelining homeowner dreams

    A new report detailing a rise in unsecured credit is providing fodder for brokers concerned Ottawa has erred in focusing on mortgages.

  • New audio textbook for agents course

    Students studying for an agent’s license in Ontario may now have an easier time of assimilating all that information, with one course provider introducing an audio version of its textbook.

  • Association membership should have its privileges: broker

    It may be the ultimate in big-sky thinking, with one veteran suggesting brokers should ultimately be able to access preferred status with lenders based on their membership in CAAMP or any other industry association – something that could dispense with the need for pooling and, ahem, broker networks.