Assoc.: Good news from OSFI on the way
It may be too early to break out the bubbly, but brokers – and indeed their nervous clients – appear poised to escape the most onerous of OSFI’s proposed changes, said the head of the industry’s largest association, pointing to recent discussions in Ottawa.
S&P puts Genworth under looking glass
S&P may not be as bullish on the Canadian housing market as brokers, adjusting the rating for Genworth Canada to “stable” from “positive,” citing concerns about consumer debt loads, among others.
Broker channel consolidation underway
Broker channel consolidation is again in play, with B2B Trust announcing it has signed an agreement to acquire Verico lending partner AGF Trust for a cash amount equivalent to its $242-million book.
Nat. Bank aims to grow road rep 'contribution'
Brokers may represent too much of a good thing for National Bank, its president suggesting the lender will ease up on their use as it focuses on growing originations through, ahem, road reps and branches.
Brokers: BoC decision may embolden OSFI
The Bank of Canada left the overnight rate unchanged at 1 per cent Tuesday, in the process suggesting a hike may not come anytime soon – something that could strengthen OSFI’s hand.
Suburbs drive Toronto housing market growth
Toronto’s housing market continues to surge with sales, listings and prices all above last year’s totals, with a large share of that growth coming from the ‘905’ region, according the city’s real estate association.
Broker channel clinches 4 spots on Profit 200
Broker Channel companies are all over the Profit 200 – with four of the industry’s highfliers winging their way to the top half of the list honouring Canada’s fastest growing companies.
Rental suites lowering broker preapprovals
A new report suggesting a quarter of B.C. homeowners rent out a portion of their home is offering a word to the wise for brokers looking to convert preapprovals.
Canada's best mortgage professionals honoured
Westerners challenged Ontario dominance at the 2012 Canadian Mortgage Awards Friday, the industry celebrating that excellence in Roarin’ 20s style at Toronto’s historic Carlu.
Time for brokers to choose: Mortgage Summit panelists
It’s a message that reverberated from one end of the Mortgage Summit to the next Thursday, with speaker after speaker calling on brokers to choose sides – are you focused on service or rates?