News

  • Frustrated veterans considers 'Plan B' by Nestor Arellano | 27 Jul 2012

    A 13-year veteran is actively contemplating a career switch to real estate appraisal, blaming a slowdown but also the loss of a competitive edge due to the FirstLine closure. read more

  • Lender: Forget 2.99. Think 2.84% by Nestor Arellano | 27 Jul 2012

    Xceed upped the ante in an increasingly hot game of rate wars Thursday, handing the most qualified broker clients 2.84 per cent on a five-year fixed. read more

  • MCC brokers put CIBC under the looking glass by Nestor Arellano | 26 Jul 2012

    CIBC, let this serve as notice: MCC brokers are putting every move you make under a magnifying glass in an effort to determine whether you intend to remain in the broker channel. read more

  • Expert outages stymie submissions by Vernon Clement Jones | 26 Jul 2012

    D+H continues to investigate the root causes of intermittent outages to its Expert platform that delayed submissions and frustrated brokers across the country this week. read more

  • Brokers: Good riddance to "unethical' points by Nestor Arellano | 26 Jul 2012

    While FirstLiine’s BasisPOINTS settlement is a hot topic, some brokers are saying the actual demise of the program is good for the industry’s integrity. read more

  • MCC brokers highlight CIBC exclusivity by Nestor Arellano | 26 Jul 2012

    With FirstLine being pulled from the broker channel, expect MCC and HLC brokers to impress upon their clients that they alone have access to CIBC. read more

  • Brokers use 'lenders' survey to convey beefs by CMP | 25 Jul 2012

    Fears of a market slowdown are adding a sense of urgency to this year’s CMP Brokers on Lenders survey, with mortgage professionals looking for a definitive way to convey their expectations to banks and mono-lines. read more

  • Time to lower minimun volume requirements? by Nestor Arellano | 25 Jul 2012

    Stricter mortgage rules threatening to cool down the housing market are fueling broker hopes lenders will soon lower their minimum volume requirements to compensate for a drop-off in business. read more

  • Broker: CIBC giving brokers raw deal by Nestor Arellano | 24 Jul 2012

    Brokers are getting a poor deal in CIBC’s offer to buy back their accumulated FirstLine BasisPOINTS, according to some mortgage brokers pointing to possible tax implications. read more

  • Banks hint at renewed rate war by Vernon Clement Jones | 23 Jul 2012

    Banks are tipping their hand as to just how much appetite they still have for mortgage lending, with RBC pointing to the continuing low-rate environment and the offset it provides households swimming in debt. read more