Latest news

  • Association membership should have its privileges: broker

    It may be the ultimate in big-sky thinking, with one veteran suggesting brokers should ultimately be able to access preferred status with lenders based on their membership in CAAMP or any other industry association – something that could dispense with the need for pooling and, ahem, broker networks.

  • Equitable Trust solves the securitization riddle

    Equitable Trust solves the securitization riddle

  • O’Leary tips his hand

    TV personality Kevin O’Leary may be tipping his hand as to what exactly his new mortgage business will focus on.

  • First-timer bonus helps -- not hurts -- some brokers

    A government bonus for new homebuyers – tied to new construction purchases – has worried B.C. brokers, but has ultimately proven “harmless,” say some industry players

  • Tallying up broker giving in 2012

    CMP is making a list and checking it twice, and wants brokers and their networks to share how nice they’ve been to charities this year.

  • Brokers referrals boost reverse mortgage growth

    Increasing broker channel referrals are an important driver of reverse mortgage growth, according to HomeEquity Bank, now announcing an 18 per cent increase in originations for the third quarter.

  • Signing service cuts turnaround times by half

    Mortgage Alliance and law firm Anderson Sinclair recently rolled out a real estate closing package which they hope will cut by nearly 50 per cent the amount of time it takes to transact a mortgage application.

  • Association grows its reach

    Atlantic Canada is edging closer to real regulation, with the Nova Scotia government now eyeing the region’s fledgling association as a provider of basic broker education even as another province appears to drag its heels.

  • Credit unions identify new B20 perils

    The national trade association of credit unions is offering fresh criticism of OSFI lending guidelines, suggesting the rules unfairly limit mortgage access for immigrants, low-income, rural and Aboriginal Canadians.

  • Fed approve Birch Hill's purchase of HOMEQ

    Brokers are hoping news the $138 million purchase of the country’s largest reverse mortgage provider will lead to new product develop aimed at the mortgage broker channel.