Latest news

  • Don Cherry, Dominion Lending hit the ice for kids' charity

    Don Cherry is lending his star power to a brokerage's youth hockey game fundraiser today, an event aimed at raising money for a school meals.

  • Broker’s marketing campaign offers borrowers $1,000

    In a creative and hopefully lucrative promo set to launch later this month, one mortgage broker proposes to hand out $1,000 to borrowers who present him with a mortgage offer he simply cannot better.

  • Brokers at par with banks on new mortgages - CAAMP.

    Broker gripes aside, the new mortgage rules may have helped them grow market share, with CAAMP’s latest report suggesting brokers are now even Stephen with banks in terms of new mortgage originations.

  • Majority of Canadians managing mortgages well

    More than two thirds of Canadians are “comfortable with their debt” and are able to pay down their mortgages, suggesting that the stringent lending rules introduced by the government this summer may have been unnecessary, according the annual report released by CAAMP this week.

  • Alternative lender boosts securitization and broker options

    Equitable Trust says it aims to ramp up mortgage securitization in 2013 using “a new tool” that could ultimately expand options for brokers and their clients across the sector.

  • Sources: O'Leary to create white label

    Sources are telling MortgageBrokerNews.ca more about Kevin O’leary’s foray into the industry, suggesting he'll brand a white-label product offered by a leading mortgage servicing company then use his name and an advertising campaign to generate leads -- leads meant to bypass brokers.

  • 'Rate-less' website pays off

    A year after he decided to remove rate charts from his website in favour of “more quality content," a Vancouver broker is billing his increased traffic as proof of a winning strategy.

  • Verico partners with Brian Tracy for new broker webinar

    Verico is poised to launch business development webinars with motivational speaker Brian Tracy, aimed at pushing its mortgage professionals forward, even as the market falls back.

  • Borrowers not interested in bumping up line of credit

    Initial interest on credit unions offering HELOCs with a higher LTV than what OSFI mandates appear to have died down as some brokers report that borrowers appear satisfied with current mortgage rates offered by banks and other lenders.

  • 2013 no 'write-off' for brokers

    Breathe easy, brokers, especially you in Alberta: a new report on Canada’s housing market is attempting to fell the “doom and gloom” prophecies now taking root.