Latest news

  • Low inventory means high pressure on brokers

    A low inventory Calgary market is creating a seller’s paradise in that city, and placing more pressure on brokers to push the paperwork through underwriting deals.

  • Who will be Broker of the Year?

    MortgageBrokerNews is kicking off a series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto.

  • Refocusing on Realtor relationships post-refi boom

    Following the dramatic reshaping of the U.S. housing market, Wells Fargo is refocusing on building relationships with Realtors and moving away from refinancing – a move that brokers this side of the border have already found to be successful.

  • Radius launches broker loyalty program

    A rising lender in the channel has launched a loyalty program for brokers, tying new minimum volume requirements to a slew of value-adds for its best partners.

  • Realtors hit harder by T.O. slowdown than brokers

    March home sales fell across the GTA from that boom time a year ago, encouraging brokers to get more creative in sussing out new business.

  • Brokers to benefit from Street announcement, says Grewal

    The decision by Street Capital’s parent company to dispose of its non-core business to concentrate on the mortgage lender is good news for brokers, Paul Grewal.

  • Time to transform Mortgage Brokers Act, say B.C. brokers

    While CAAMP is effectively asking the B.C. government to tinker with the province’s Mortgage Brokers Act, some brokers are calling for a complete overhaul, one that clearly places brokers at the reins.

  • CMP announces iPad winner

    And the winner of a new iPad from CMP’s annual Broker Sentiment Poll contest is….

  • B20 to promote ‘uninsured’ securities market, says broker

    One broker believes the new B20 guidelines should allow lenders to create a residential mortgage-backed security market entirely focused on uninsured loans.

  • Battle back against rate sites, analyst urges

    Don’t obsess over the disruptive nature of rate comparison sites, says one industry analyst and speaker for the upcoming Mortgage Summit – instead create your own disruption and make your own waves in the channel.