Latest news

  • Brokers fear more compensation cuts

    Mortgage professionals are worried First National's compensation cut will see other lenders follow suit or -- what's even more sinister -- adjust their interest rates to force broker buydowns.

  • Murphy: Gov't may have jumped the gun

    The one-two punch of this summer's mortgage rule and guideline changes may overwhelm the housing market, the president of CAAMP said during a national TV broadcast this week.

  • Brokers win unsecured credit card program

    Brokers are gaining an extra revenue stream with an unsecured credit card program Dominion Lending Centres is ready to drop next month, according to the mortgage broker network.

  • Brokers fight bank-controlled complaint system

    Brokers are watching closely whether the government will allow Canadian banks to opt out of a federal arbitration system tracking and investigating systemic consumer problems.

  • Seller's market bites the dust

    The mortgage rules seem to be slowing the market – but perhaps a little too much for one seller's market.

  • Top three mortgage frauds and how to spot them

    Mortgage fraudsters are upping their game in this soft market, and brokers need to remain vigilant to avoid getting caught in their web, according to industry experts, identifying the latest fraud indicators to look out for.

  • Royal LePage: Drop in sales on the way

    Brokers may have to brace themselves for further slowdown in home sales, according to a new report from Royal LePage, pointing to real signs that correction is underway.

  • B2B switches up successful HELOC

    B2B Bank is the latest lender to drop the LTV ceiling on its HELOCs in keeping with OSFI guidelines, but the lender has left the door open for brokers seeking up to 80 per cent LTV for their clients.

  • This is not your father's ...

    This is not your father’s Lendwise.The re-purposed lender – now focused on full, upfront compensation for brokers – is further opening Merix’s doors to mortgage professionals who’d otherwise have taken deals to competitors, one company exec told MortgageBrokerNews.ca.

  • Variable rates get their sexy back

    Reports of the demise of variable rates appear to have been greatly exaggerated.