News

  • Lender extends broker commission program by Caitlin Nobes | 06 Mar 2012

    Xceed has extended its bonus offer of an extra 25 bps for brokers until the end of June despite criticism from brokers that it is unsustainable. read more

  • BoC expected to keep rate unchanged by Caitlin Nobes | 06 Mar 2012

    That the Bank of Canada is unlikely to announce an interest rate increase at its scheduled announcement this week, according to a Reuters poll, comes as no surprise to brokers. read more

  • Alberta brokers brace for influx of Ont., B.C. agents by Vernon Clement Jones | 06 Mar 2012

    New forecasts for Alberta home sales have local brokers bracing for another wave of interprovincial poaching as mortgage professionals from B.C. and Ontario amp up their cross border marketing. read more

  • Broker to Govt: make an exception by Vernon Clement Jones | 05 Mar 2012

    Any plans to lower the amortization cap on insured mortgages should exempt clients looking to maximize cash flow but well able to qualify for 25-year terms, says one broker lobbying for the exception. read more

  • Borrowers win clarified penalty terms by Vernon Clement Jones | 05 Mar 2012

    After class-action suits and a lake of client tears, the federal government moved Sunday to force banks to clarify their prepayment and penalty terms. read more

  • Homes sales seen rising, prices falling in 2012 by MBN | 05 Mar 2012

    While prices are higher this year, lower interest rates will keep buyers active, according to a new forecast. read more

  • Broker registers new collateral charge concern by Vernon Clement Jones | 02 Mar 2012

    Putting aside the usual concerns about collateral charges, a leading broker wants lenders to do something about the associated cost of title insurance – some of his clients paying double what they’d otherwise have to. read more

  • National bank crediting brokers ... and Realtors by Vernon Clement Jones | 02 Mar 2012

    A warm welcome for brokers, compared to other lenders, helped National Bank grow its residential mortgage book by 13 per cent in the first quarter, according to a top exec -- although the growing use of Realtors didn't hurt. read more

  • Calgary brokers see originations uptick by CMP | 02 Mar 2012

    Calgary brokers benefited from February's uptick in homebuyer activity, but not necessarily those agents focused on young first-time buyers. read more

  • Brokers help tweak ING HELOC by Vernon Clement Jones | 01 Mar 2012

    ING has now made its HELOC available to all broker-partners, after what it terms a successful pilot resulting in tweaks to the product. read more