Latest news

  • Street simplifies Loyalty program

    Vancouver, B.C. - Mortgage Forum. Street Capital revealed more details about changes to its Loyalty program announced last week, specifically removing any mortgage restrictions tied to trailer fee commissions.

  • CAAMP knew O'Leary Mortgage's plans says exec

    CAAMP knew for weeks that Kevin O'Leary was entering the mortgage business, the head of his new venture told MortgageBrokerNews.ca Friday, at the same time mending fences with mortgage professionals.

  • Home ownership more affordable but channel sees little action

    Despite improving home ownership affordability nationwide, the new lending realities have put less Canadians families under a new roof, according to brokers.

  • BOC chief moves to Bank of England

    Bank of Canada Governor Mark Carney, credited for steering the country’s monetary policy through the recession, is leaving his post to head the Bank of England.

  • Teranet, NAS tools to boost B 20 compliance

    Brokers can look forward to faster risk assessment and valuation of loan applications they submit to lenders with the upcoming release of enhanced underwriting tools from online property search firm Teranet and appraisal management company National Appraisal Services that support OSFI’s new B20 guidelines.

  • O'Leary exec on angry brokers: 'I love it'

    Gary Mauris and others characterizing Kevin O’Leary as a direct challenge to the channel may have it right after all, with the president of O’Leary Ventures rejoicing in the “ruffled” feathers of “competitors” – i.e., brokers.

  • Brokers call for "collective" monoline ad campaign

    MonCana’s campaign to promote brokers has renewed calls for other mono-lines – as a group, this time -- to mount a nationwide blitz geared toward promoting the channel.

  • Mortgage broker complaints rise at biggest BBB

    Despite a slowing market, complaints against mortgage brokers, filed with the country’s largest Better Business Bureau region crept up this year.

  • Centum reaches out to O'Leary

    At least one broker network has extended an olive branch to Kevin O’Leary, suggesting the Dragon's team has now accepted that overture of goodwill.

  • Upgrades buff up Paradigm’s RUBI

    The latest upgrade to Paradigm Quest’s underwriting and servicing system, RUBI appears to mirror the diversification trend taking hold from one end of the industry to the next.