CMP Brokers on Lenders teaser
Early results from CMP’s Brokers on Lenders survey prove that with the ever-tightening underwriting, brokers are having to rely more and more on Alt-A and B deals as fewer clients now qualify for prime.
Brokers buried by paperwork
Mortgage professionals are increasingly having to spend more time with a file before submission in order to clear the rising hurdle of due diligence and avoid the kind of back-and-forth with a lender that frustrates borrowers.
Broker wins channel national media attention
Brokers: You may want to thank one of your own for giving your industry a significant plug in Canada’s largest newspaper.
Brokers can brag no longer
Gone are the days when brokers could truthfully brag about having access to 40 or more lenders, argue some industry vets, suggesting lender losses have whittled down that number considerably – along with the diversity of the product, itself.
Lender mergers: Good or bad?
Brokers are feeling uneasy with the number of mergers taking place in the industry recently, voicing concerns that a shrinking pool of lenders may nullify their competitive advantage.
Broker: Don't get too excited about arrears rate decline
As Canadian arrears rates drop, is it time for the government to back off? Not necessarily, says one leading broker.
The rise of the variable rate?
Fixed or variable? It’s a debate brokers thought they left behind but is now coming up more and more as fixed rates climb and concerns about a Central Bank move fade into the distance.
Banks continue to frustrate brokers
A perennial thorn in the side of every broker, the games that banks play in order to block a broker’s deal are many. So here’s one you may be able to relate to.
Dispelling the CU myths
Increasingly competitive fixed rates at credit unions have brokers debating what if any limitations come hand in hand, especially around the question of whether those mortgages are effectively closed.
Broker: demolish marijuana grow-op houses
Brokers across the country are calling for complete disclosure when it comes to former marijuana grow-ops and one industry leader believes any house known to have formerly housed a grow-op should be demolished.