News

  • ResMor transfer set for May by Vernon Clement Jones | 09 Apr 2012

    The official hand-over of ResMor’s residential mortgage division to MCAP has been pushed back to May 1, MortgageBrokerNews.ca has learned. read more

  • Low rates fuel home prices in first quarter: Report by Mark David | 09 Apr 2012

    Low rates and high temperatures conspired to increase home prices in the first quarter of 2012, according to the latest numbers from one of the country’s largest real estate organizations. read more

  • Bank welcomes BFS clients, just not from brokers by Vernon Clement Jones | 05 Apr 2012

    A top TD exec's praise for stated income clients may be cold comfort for brokers no longer able to send those clients to the bank, but could also signal the lender's intention to hold onto that business. read more

  • Thousands of agents walk away from industry by Vernon Clement Jones | 04 Apr 2012

    Ontario veterans hoping new re-licensing requirements would send a rush of “uncommitted” agents heading for the exit appear to have gotten their wish, with the province confirming as little as 72 percent of some 9,700 agents had renewed with only a day left on the clock. read more

  • Scotia gives Canada Guaranty the nod by Vernon Clement Jones | 04 Apr 2012

    Canada Guaranty has added a big, fat red-and-white feather to its cap, announcing its suite of insurance products is now available through Scotiabank, both at the branch and through the broker channel. read more

  • First-time homebuyers will drive the housing market by | 04 Apr 2012

    Those Canadians who have recently purchased a home or are intending to buy one seem to have a good handle on their finances, according to national survey conducted by one of Canada’ private mortgage insurers. read more

  • First National drops 35-year ams by | 03 Apr 2012

    Brokers looking for 35-year amortizations on conventional mortgages for their clients have one less place to turn to with the announcement by the broker channel’s second-largest lender by market share that it is eliminating the product from its stable of offerings. read more

  • B2B Trust to become a bank by | 03 Apr 2012

    Mortgage brokers will have another bank to add to their lender portfolio, as B2B Trust announced that will become a Schedule I bank on July 7. read more

  • HOMEQ recommends sale to shareholders by | 02 Apr 2012

    The parent company of HomEquity Bank has recommended the sale of HOMEQ Corporation for approximately $138 million. read more

  • To bank or not to bank: Xceed weighs its options by Caitlin Nobes | 02 Apr 2012

    As it gets close to achieving its goals of developing prime lending, and managing its non-prime mortgages Xceed Mortgage Corporation is looking towards the future, forming a special committee to look at its options, which could include re-applying to become a bank, or even a sale or merger. read more