Latest news

  • Gold boom dulls market for brokers

    Northern Ontario’s booming mining industry is in many cases hampering business for mortgage brokers, forced to focus on refis as a scarcity of houses and startling price gains reduce the number of new purchases.

  • FirstLine raises First National originations

    First National saw originations skyrocket in the second quarter, rising 48 per cent from the year-ago period – something it chalks up to FirstLine`s departure.

  • Home Trust: Let the good times roll

    The good times continue to roll for alternative lenders, with Home Trust reporting $1.67 billion in originations for the second quarter as tighter rules for A-lenders kicked in.

  • B.C. broker back for second season of Oprah reality show

    Lightening rarely strikes twice, unless you’re Vancouver mortgage broker Jessi Johnson, now invited back for the second season of an Oprah Winfrey reality show.

  • Genworth bags CMHC 'bulk' business

    Genworth saw its high-ratio premiums slip in the second quarter compared to the year-ago period, driven by weakening demand and growth in low-loan-to-value activity

  • Precedent finding in broker 'espionage' conflict

    In what could well be a precedent-setting case, CAAMP has found a broker in violation of its code of conduct for effectively using a competitor’s name to drive traffic to his own website.

  • Top 10 Commercial Brokers comes to CMP

    Canada’s most successful residential brokers will step into the floodlights of the CMP Top 75 this August, but their counterparts in the commercial sphere will now shine under their own spotlight in September.

  • Banks keeps clear of rate wars

    Banks are avoiding what appears to be a looming rate war by sticking to five-year fixed rates at or around 3.09 per cent even as other lenders race toward 2.84 per cent.

  • MAC Rally of Hope completes 7,500km ride

    The MAC Rally of Hope pulled into St. John’s, Friday – some 12 day after setting off from Port Moody, B.C., in its annual motorcycle ride to raise funds and hope for cancer causes.

  • Frustrated veterans considers 'Plan B'

    A 13-year veteran is actively contemplating a career switch to real estate appraisal, blaming a slowdown but also the loss of a competitive edge due to the FirstLine closure.