Survey exposes gap in lender service areas
A broker ranking of lenders is likely to break down along regional lines, suggest mortgage professionals anticipating the results of this year`s CMP survey and pointing to a funding gap between big and small markets.
Brokers embrace an old friend
Hello, old friend? That new LTV cap on refis will inevitably increase the number of A clients seeking private second mortgages, says one broker specialist. It will also increase the need for broker vigilance.
Vancouver brokers pinched by slump
Brokers in the once-hot real estate market of Vancouver are now experiencing the chilling effects of the new mortgage rules and buyers sitting it out, hoping for already falling home prices to plunge even lower.
ING’s broker links could hamper sale
As attractive as ING Direct Canada may be to prospective buyers, its use of brokers will likely deter the biggest of those suitors, according to one analyst.
Cross selling bolsters client retention
A broker now selling insurance to boost his product mix says it has also strengthened his hold on clients.
'Good news' for B.C. brokers
It’s not exactly good news, but for struggling B.C. brokers, it comes close.
Fence-sitters in no rush to buy
Brokers are facing a growing number of pre-approvals as clients wait on a price correction, which, according to CMHC’s latest report, is unlikely to materialize.
HomEquity ups its broker referral compensation
In the face of increased competition from conventional lenders, HomEquity Bank has bumped up its broker referral fees by 30 per cent.
Low-rate competition turns broker heads
The country’s leading provider of reverse mortgages is blaming low-rate conventional loans for its 18-per-cent slip in originations during Q2.
CMHC sees moderate slowdown for 2013
On the heels of a bank report predicting a significant slump, the CMHC now foresees only a “moderate slowdown” in the housing market for the rest of this year and next.