Latest news

  • Brokers fight bank-controlled complaint system

    Brokers are watching closely whether the government will allow Canadian banks to opt out of a federal arbitration system tracking and investigating systemic consumer problems.

  • Seller's market bites the dust

    The mortgage rules seem to be slowing the market – but perhaps a little too much for one seller's market.

  • Top three mortgage frauds and how to spot them

    Mortgage fraudsters are upping their game in this soft market, and brokers need to remain vigilant to avoid getting caught in their web, according to industry experts, identifying the latest fraud indicators to look out for.

  • Royal LePage: Drop in sales on the way

    Brokers may have to brace themselves for further slowdown in home sales, according to a new report from Royal LePage, pointing to real signs that correction is underway.

  • B2B switches up successful HELOC

    B2B Bank is the latest lender to drop the LTV ceiling on its HELOCs in keeping with OSFI guidelines, but the lender has left the door open for brokers seeking up to 80 per cent LTV for their clients.

  • This is not your father's ...

    This is not your father’s Lendwise.The re-purposed lender – now focused on full, upfront compensation for brokers – is further opening Merix’s doors to mortgage professionals who’d otherwise have taken deals to competitors, one company exec told MortgageBrokerNews.ca.

  • Variable rates get their sexy back

    Reports of the demise of variable rates appear to have been greatly exaggerated.

  • Calgary lures brokers

    Early signs Calgary will continue to lead the national pack in home sales activity is poised to reignite broker interest in that market.

  • Switching FirstLine clients given run-around

    Brokers are worried that their FirstLine clients may be getting the run-around when they attempt to switch to any lender other than CIBC.

  • Broker gets 3 years for fraud

    The Fredericton Provincial Court has now sentenced a New Brunswick mortgage broker to three years in prison for mortgage fraud.