CMHC insuring practices unaffected by flood risk
Flooding may be making home insurance difficult to obtain, but one broker in perennially waterlogged Brandon, Manitoba hasn’t had any issues with Canada Mortgage Housing Corporation insuring mortgages.
New Canadians a vast potential market for brokers
A recent TD Canada Trust poll shows that 87 per cent of immigrants did not know how to apply for a mortgage in their first three months in the country – and that knowledge gap provides a prime opportunity for mortgage brokers to fill.
Marijuana man losing mortgage a good lesson for clients, say brokers
A licensed medical marijuana grower who had his mortgage pulled by Scotiabank is a good lesson for clients who do unauthorized renovations, say brokers.
Calgary leads way in housing outlook: study
Calgary deserves some good news – and the latest Genworth Canada report on resale housing is just what the doctor ordered.
50% hit thanks to buy downs, rate sites
The success and popularity of rate sites are forcing brokers to buy down rates, squeezing bps until there is almost nothing left, says one broker, who estimates he has lost an estimated 50 per cent of his potential revenue.
ING asks former broker partners to join flood fundraiser
ING Direct is asking its customers to help the flood victims of southern Alberta – and hoping to cash in on some of the goodwill from mortgage brokers, too.
Broker prepared to sue over REDX reports
That four-letter word has once again reared its ugly head, and one broker is prepared to take CAAMP to court over two REDX reports that are hurting his business.
MBABC elects new president, board of directors
The Mortgage Brokers Association of British Columbia gathered yesterday to pick a new leader and board of directors for the coming year.
Calgary Street Capital employees work from home
The rain has stopped, but downtown Calgary is still flooded – and lenders like Street Capital are waiting for drier days to reopen for business.
MCAN announces appointment of new VP/CFO
MCAN moved some chairs around Friday, announcing the appointment of a new CFO and vice president to replace Tammy Oldenburg, who has tendered her resignation to make way for the current CFO of Xceed.