• Meridian rolls out red carpet for BFS clients by Vernon Clement Jones | 09 Feb 2012

    Credit unions are hoping FirstLine’s loss will be their gain, with Ontario’s largest player actively reaching out to brokers seeking a new home for BFS clients. read more

  • Builder: Do not use mortgage brokers by Vernon Clement Jones | 08 Feb 2012

    An Ottawa broker has come up against what he calls the most overt attempt to shut mortgage professionals out of the condo development market -- a builder’s email specifically demanding a commitment letter from a big bank and “NOT from a mortgage broker.” read more

  • AMBA cautions government by Vernon Clement Jones | 08 Feb 2012

    Alberta’s association of mortgage brokers is sounding the same alarm as CAAMP, urging Ottawa to abandon any plans in the works to introduce yet more mortgage rule changes because of the CMHC’s much-talked about insurance fund read more

  • Merix makes its move on BFS, rental programs by Vernon Clement Jones | 07 Feb 2012

    Merix has made changes to a key segment of its business-for-self lending, passing the cost of insurance on to some borrowers while reducing the interest rate premiums they must, nonetheless, continue to pay. read more

  • Mauris to talk buy-downs on webinar by Vernon Clement Jones | 07 Feb 2012

    DLC’s Gary Mauris takes the hot seat Wednesday for an animated discussion on buying down rate and other challenges facing the broker channel -- joining industry trainer Greg Williamson for the last of two webinars now attracting hundreds of mortgage professionals. read more

  • CAAMP goes on the offensive by Vernon Clement Jones | 07 Feb 2012

    CAAMP is using several routes to get an unequivocal message to Ottawa: lender underwriting has nothing to do with concerns about the CMHC’s $600 billion insurance cap. read more

  • TD and Invis-MI back together again by Vernon Clement Jones | 06 Feb 2012

    Invis-MI has mended fences with TD -- the lender having reopened its doors to the network's Alberta brokers and agents in January, has learned. read more

  • Genworth to the rescue? by Vernon Clement Jones | 06 Feb 2012

    CMHC’s loss may ultimately be Genworth’s gain, with the country’s number two default mortgage insurer suggesting it has “lots” of lending capacity, even as the Crown corp. raises a cautionary note about its own future capabilities. read more

  • GTA market: the gift that keeps giving by CMP | 06 Feb 2012

    Toronto brokers worried about a slowing market, don't. Toronto home sales grew as did prices, rising 4.1 per cent in January, compared to a year earlier. read more

  • Et tu, Street? by Vernon Clement Jones | 03 Feb 2012

    Street Capital has made key changes to its conventional mortgage lending, including the removal of its stated-income product – what its president calls a credit risk decision. read more