Compression challenges industry investment, says national brokerage head
Vancouver – The ability of Canada’s largest broker networks to lead the way through an increasingly murky market may be challenged by growing "compression," TMG partner Grant Thomas told brokers at the CAAMP Forum Monday.
New products, revamped SLA to fast track Bridgewater Bank deals
Bridgewater Bank promises to speed up deals for brokers with three new products and an overhauled service level agreement which will launch early next year.
Verico adds six new firms as originations rise in Q4
Vancouver - VERICO formally welcomed six new companies into its fold.
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.