Jailed broker ordered to repay victims $600K
A disgraced New Brunswick mortgage broker has now been ordered to repay his victims $600,000 and banned from the investment industry for life, an encouraging sign for tougher regulations in the mortgage industry, said the president of the East Coast brokers’ association.
Mortgage pie keeps getting smaller: brokers
The announcement Mortgage Architects has now acquired Argentum is strong indication the mortgage pie is getting smaller, and more mergers and acquisitions are on the horizon, say brokers.
Flaherty shifting his focus to credit card companies?
Mortgage brokers’ prayers may finally have been answered – Finance Minister Jim Flaherty is raising the possibility that he will attack the credit card problem from a regulatory front.
Size matters in brokering - Swift
Stay tuned, brokers, says Pacific Mortgage Group CEO Ron Swift on the heels of the Argentum acquisition, network consolidation will undoubtedly continue as companies struggle to achieve scale.
BREAKING NEWS: Mortgage Architects acquires Argentum
MortgageBrokerNews.ca has just learned that Mortgage Architects has acquired Argentum Mortgage and Finance.
Time is running out to make the Top 10
The deadline for CMP’s Top 10 Commercial Brokers list is this Thursday, leaving only a few days for brokers to capitalize on this marketing boost.
Real estate regulations a model for mortgage sector, says broker
Ontario’s mortgage broker act could take a clue from the real estate sector, suggest brokers, who feel beefing up licensing requirements and improving enforcement can only benefit them.
Alberta appraisals backed up for days following flooding
Lenders are demanding fresh appraisals and inspections for homes in the flood-affected areas of Calgary and High River – with several deals waiting upwards of five days for an appraiser to become available.
RBC under fire for missing coverage
A Harvey, N.B., man is asking Royal Bank – the same lender that refinanced his mortgage without a lawyer’s signoff – why his home burned to the ground without fire insurance.
Hot commercial market will continue, says GTA insider
The commercial property market in the Greater Toronto Area reached a record $4.9 billion in the second quarter – but analysts are wondering if the true heights are yet to be hit.