Latest news

  • A broker who thrives on referrals

    MortgageBrokerNews is continuing its 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.

  • Banks are 'getting away with it,' says broker

    Brokers are disappointed that the government’s move to tighten up the complaints process for banks does nothing to address the issue of unlicensed mortgage specialists or the fact their employers effectively control the process.

  • A definite original in the channel

    MortgageBrokerNews is continuing its 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.

  • Big bank increases ‘appetite’ for credit cards

    As Scotia Bank’s CEO Richard Waugh was telling finance minister Jim Flaherty to mind his own business over mortgages, he also broadly hinted his bank was prepared to expand its unsecured lending – a move one broker sees as counterproductive.

  • Broker capitalizes on social media

    MortgageBrokerNews is continuing its 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.

  • Brokers applaud tough-talking Scotia CEO

    Scotia’s CEO Richard Waugh is receiving a rare show of support from the broker channel, after stating finance minister Jim Flaherty should stop interfering on mortgage rates.

  • Rate Your Realtor flops – how about Rate Your Broker?

    CREA membership recently rejected a Rate Your Realtor proposal – a concept that would be unworkable and unfeasible if applied to the broker channel argue some brokers while others are ready to embrace it.

  • Appraisal demands undermine brokers

    An increasing number of brokers are seeing exponential growth in the number of deals mortgage insurers are sending back for appraisal, a move they argue is costing clients valuable time and possibly themselves valuable credibility.

  • Broker: BMO report “whistling Dixie”

    Tuesday’s BMO report on first-time homebuyers paying an average $48,000 down on a $300,000 home is unrealistic, says one Barrie broker.

  • Broker creates webpage for unhappy RBC clients

    One broker is leaving nothing to chance amid the RBC public relations fiasco, creating a web page showing people how to switch their mortgage from the embattled bank to another lender.