O’Leary tips his hand
TV personality Kevin O’Leary may be tipping his hand as to what exactly his new mortgage business will focus on.
First-timer bonus helps -- not hurts -- some brokers
A government bonus for new homebuyers – tied to new construction purchases – has worried B.C. brokers, but has ultimately proven “harmless,” say some industry players
Tallying up broker giving in 2012
CMP is making a list and checking it twice, and wants brokers and their networks to share how nice they’ve been to charities this year.
Brokers referrals boost reverse mortgage growth
Increasing broker channel referrals are an important driver of reverse mortgage growth, according to HomeEquity Bank, now announcing an 18 per cent increase in originations for the third quarter.
Signing service cuts turnaround times by half
Mortgage Alliance and law firm Anderson Sinclair recently rolled out a real estate closing package which they hope will cut by nearly 50 per cent the amount of time it takes to transact a mortgage application.
Association grows its reach
Atlantic Canada is edging closer to real regulation, with the Nova Scotia government now eyeing the region’s fledgling association as a provider of basic broker education even as another province appears to drag its heels.
Credit unions identify new B20 perils
The national trade association of credit unions is offering fresh criticism of OSFI lending guidelines, suggesting the rules unfairly limit mortgage access for immigrants, low-income, rural and Aboriginal Canadians.
Fed approve Birch Hill's purchase of HOMEQ
Brokers are hoping news the $138 million purchase of the country’s largest reverse mortgage provider will lead to new product develop aimed at the mortgage broker channel.
B.C. brokers challenged by bankruptcy growth
West Coast brokers may see it as a future opportunity, but for now it’s nothing but a challenge as a growing number of B.C. residents go into bankruptcy, sidelining home-buying dreams in the process.
Private lenders could jack E&O rates for brokers
He’s not discouraging them, but an E&O insurance broker is warning mortgage professionals about the costs associated with their expansion into private lending – a move that could raise their insurance premiums by as much as 90 per cent.