Latest news

  • Road reps borrow 'broker' name

    “For ease of use” some road reps are casually calling themselves “mortgage brokers who work for banks” to better "explain" their role to clients, one told MortgageBrokerNews.ca, arguing the practice is harmless.

  • Downside of low rates present opportunity

    The low-interest-rate environment enticing many homeowners to switch mortgages is a perfect opportunity for brokers to coach their clients on how to avoid steep penalties.

  • CREA forecast darkens broker prospects

    The future for Canada’s housing market won’t be nearly as bright as the Canadian Real Estate Association had earlier predicted, the organization now slashing its forecasts for this year and next.

  • Brokers laud Street Capital’s charter quest

    It may be still two years away, but some brokers believe Street Capital’s chartered bank status ambitions are a step in the right direction.

  • Vanishing options a big issue for brokers

    Early poll responses to the 2012 CMP Brokers on Lenders survey suggest brokers are concerned about the loss of product options and the cookie-cutter approach of conservative lenders.

  • Canadian housing shifts into low gear - Scotia

    Difficulty in getting credit and job loses have taken their toll on Canadian’s home purchasing desires, according to the Q2 Global Real Estate Trends report by Scotiabank.

  • Tit for tat: Let's call ourselves 'mobile specialists'

    What goes around should come around, argues one broker. Specifically, if road reps can casually refer to themselves as mortgage brokers, then mortgage professionals should perhaps consider calling themselves mobile mortgage specialist. There may in fact be a real benefit to that name change.

  • Realtors cry foul over MLS criticism

    Misinformation and stereotypes are painting an inaccurate picture of real estate agents’ use of the Multiple Listing Service, according to Realtors.

  • Street Capital takes bank charter route

    Mortgage brokers can still count on the Street Capital products that they have been using for years even if the the mono-line`s application for a Schedule 1 bank gets approved, according to the lender.

  • Montreal condo market slips

    For the first time since 2008, average prices of condos in the Greater Montreal Area tumbled, due largely to tougher mortgage rules and an increase in the amount of inventory, according to a recent report from the Greater Montreal Real estate Board.