Broker to CAAMP: Give up the mortgage-rule ghost
At least one broker is suggesting CAAMP – meeting with officials in Ottawa next week – needs to reconsider its position on tighter mortgage rules and embrace the long-term benefits of the revamp.
CIBC report confirms FirstLine revenue slide
CIBC’s annual report is now pegging a dollar figure to the closure of FirstLine, the move appearing to cost the bank $20 million in revenue for fiscal 2012.
Flaherty 'happy' about slowing market
Jim Flaherty’s reaction to a cooling real estate market may be the polar opposite of most brokers, with the finance head suggesting he’s “happy” about the slowdown.
CAAMP returns to Ottawa for talks
CAAMP leadership will be talking to bureaucrats and politicians in Ottawa early next week in yet another effort to raise the red flag on tighter mortgage and lending regimes.
Brokers turn to buydowns in slow market
One broker is getting candid about rate buy downs, offering 2.89 per cent on five-year fixed to any client who qualifies and arguing a slowing market has mandated the move.
Mortgage industry headed for national licensing: broker
A seasoned broker foresees and, indeed, welcomes the mortgage industry’s move towards a national licensing regime, pointing to the development of a regulatory council.
Bank rate decision may slow switches
A decision Tuesday to keep the Bank of Canada’s overnight rate steady – something expected to hold for all of 2013 – will likely slow switches for brokers.
Web, social media help power Centum’s growth
An aggressive online and social media strategy has helped Centum post a volume growth of 13.3 per cent in 2012 despite a challenging economic and lending environment.
Revamped mortgage rules sent high-ratio refis reeling - CMHC
The new lending rules have all but done away with high-ratio refis, the CMHC reports, confirming what many brokers have been saying for several months now.
RMG ad promotes brokers
RMG Mortgages is another lender stepping to the plate to help promote brokers, placing an ad hawking the benefits of their expert advice in a leading newspaper.