The cost of blind faith in a bank
The case of an ill woman coming close to losing her home because of a bank oversight has highlighted the value-add of brokers over branch representatives, argue channel veterans.
Broker: FSCO to blame for channel mediocrity
Probably 75 per cent of brokerages are operated by unsuccessful mortgage professionals, and that can be laid at the feet of FSCO, says one broker.
Debt, housing and economy will factor in rate increase
Bank of Canada Governor Mark Carney is looking for more substantial economic growth before hiking his the Overnight rate; but he is also factoring in the housing market and personal debt before making any decision.
Strength in the face of adversity
MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto.
FSCO getting tough on compliance
FSCO is vowing to crack down on brokerages not following the rules and in the coming months will start with the mandatory policy and procedures manual.
CMHC to brokers: Ontario market ready to grow
All the hype about Alberta’s real estate market may soon be relegated to the past. A regional economist with CMHC is expressing new optimism that it’s really Canada’s most populous province poised for market growth, after a year of “orderly adjustment.”
Brokers benefit from rate site, says Mangaroo
The real service rates sites offer brokers, says the head of one of the country’s leading web portals, is introducing consumers to their services – and not just the rock-bottom rates they advertise.
Still at the office, even on vacation
MortgageBrokerNews.ca is continuing its series of features on finalists for Broker of the Year, with a look at Bill Harries, a proud MCC broker who's always within reach for his clients, even when he's on vacation.
Brokerages demanding more-experienced agents
Your rise up the corporate ladder may just have become steeper. New agents are increasingly finding brokerages that demand nothing less than two or three years’ experience.
'Mortgage loan growth' to get cut in half, say analysts
In terms of competition, brokers, you ain’t seen nothing yet. RBC is now forecasting mortgage loan growth will get cut in half over the next two years compared to last year’s 5.4 per cent.