Latest news

  • MBN article hits broker sore spot

    Ouch! A MortgageBrokerNews.ca article profiling Realtors who expect to be paid for the referrals they send brokers hit a sore spot with readers Monday.

  • Realtors: Broker-paid referrals 'appropriate'

    Objections aside, paid referral fees are nothing but quid pro quo for business passed along to mortgage brokers, argue Realtors.

  • Street Capital sweetens stated-income program

    Street Capital’s revamp of its stated-income program to eliminate a rate surcharge, accept commission income as employment type and include all the features and flexibility of its regular mortgages is being welcomed by brokers looking to satisfy BFS clients.

  • Mortgage specialists push into broker channel

    The push to "unionize" mortgage specialists in one of the country’s largest markets is fueling a migration to brokering, according to one industry vet, identifying commission cuts as the driving force behind the defections.

  • New lender launches this month

    When CMLS launches its single-family residential lending division at the end of the month, it will have what CEO Chris Brossard calls “a national reach from a regional perspective.”

  • Job losses threaten spring market

    The nearly 22,000 jobs Canada lost in January have resurrected fears of an economic slowdown large enough to scuttle the all-important spring market.

  • Network uses Home Show to build brand, broker awareness

    Gary Mauris is billing Dominion Lending Centres’s sponsorship of three of the largest home shows in Canada as a profile boost for all brokers, and not just his members.

  • Genworth 'bulks up' in Q4

    Fourth quarter earnings show Genworth is bullish on bulk insurance – and that’s great news for brokers trying to satisfy self-employed clients.

  • Time for broker education on non-refi options

    Bankruptcy has become an all-too-easy for those unable to refinance, said one mortgage professional, calling on associations to offer a broker course in how to direct clients to other alternatives.

  • Broker: Realtors rejecting bank-referral offers

    Here’s good news from a market considered the birthplace of bank-paid referrals for Realtors: Those real estate professionals are starting to turn them down.