News

  • Benesure inks deal with VERICO by Vernon Clement Jones | 01 Mar 2012

    Industry giant Benesure has further extended its reach, inking a deal with VERICO to become the preferred creditor insurance provider for the network’s 2,100 originators. read more

  • BMO sends a warning to brokers by Vernon Clement Jones | 29 Feb 2012

    Brokers, consider yourselves warned, with a BMO exec laying out explicit plans to grow the number of mortgage specialists, needed to “take business” from competitors in a slowing market. read more

  • VERICO: Rumours of my death have ... by Vernon Clement Jones | 29 Feb 2012

    It's the broker equivalent of turning lemons into lemonade, with VERICO using rumours about its sale to a competing network to bring an expanding membership even closer. read more

  • Home prices decline for second consecutive month by Mark David | 29 Feb 2012

    Canadian home prices were down for the second month in a row, according to the Teranet-National Bank House Price Index. read more

  • Broker: Cut 2,000 'non-committed`agents by Vernon Clement Jones | 28 Feb 2012

    A broker-owner is sending out a challenge of sorts just ahead of Ontario relicensing, asking other brokerage heads to join him in cutting loose “non-committed agents”– a number he pegs at no less than 2,000 in his province, alone. read more

  • Thousands of brokers embrace new Expert app by Vernon Clement Jones | 28 Feb 2012

    It may be a sign of where technology is taking mortgage brokering, with thousands of industry players jumping on Expert’s new mobile app – designed to give them smartphone access to client applications already in the pipeline. read more

  • Home sales up, prices down in U.S. by | 28 Feb 2012

    Despite recent gains in the number of homes sold, prices in most major U.S. cities declined for a fourth consecutive month. read more

  • Report hints at why BMO went to 2.99% by Vernon Clement Jones | 27 Feb 2012

    New analyst reports are hinting at why BMO moved to offer that trendsetting 2.99 per cent rate, at the same time suggesting the offer may come back to bite it – and, indeed, the industry. read more

  • Agent: HELOC growth highlights broker obligations by Vernon Clement Jones | 27 Feb 2012

    New numbers charting the astronomical growth in HELOC use – along with an equally unprecedented growth in household debt – are highlighting the need for brokers to educate clients even as those mortgage brokers gain greater access to the products, says one agent. read more

  • BoC warns of possible housing correction by CMP,Vernon Clement Jones | 24 Feb 2012

    The Bank of Canada is warning of an impending housing price correction, putting Canadian mortgage holders at risk. read more