Brokers bristle at rate hike talk
An interest rate hike hinted at by the Bank of Canada to combat personal debt and an overheated housing market would hurt, not help, the economy, a leading broker told MortgageBrokerNews.ca.
MBN article hits broker sore spot
Ouch! A MortgageBrokerNews.ca article profiling Realtors who expect to be paid for the referrals they send brokers hit a sore spot with readers Monday.
Realtors: Broker-paid referrals 'appropriate'
Objections aside, paid referral fees are nothing but quid pro quo for business passed along to mortgage brokers, argue Realtors.
Street Capital sweetens stated-income program
Street Capital’s revamp of its stated-income program to eliminate a rate surcharge, accept commission income as employment type and include all the features and flexibility of its regular mortgages is being welcomed by brokers looking to satisfy BFS clients.
Mortgage specialists push into broker channel
The push to "unionize" mortgage specialists in one of the country’s largest markets is fueling a migration to brokering, according to one industry vet, identifying commission cuts as the driving force behind the defections.
New lender launches this month
When CMLS launches its single-family residential lending division at the end of the month, it will have what CEO Chris Brossard calls “a national reach from a regional perspective.”
Job losses threaten spring market
The nearly 22,000 jobs Canada lost in January have resurrected fears of an economic slowdown large enough to scuttle the all-important spring market.
Network uses Home Show to build brand, broker awareness
Gary Mauris is billing Dominion Lending Centres’s sponsorship of three of the largest home shows in Canada as a profile boost for all brokers, and not just his members.
Genworth 'bulks up' in Q4
Fourth quarter earnings show Genworth is bullish on bulk insurance – and that’s great news for brokers trying to satisfy self-employed clients.
Time for broker education on non-refi options
Bankruptcy has become an all-too-easy for those unable to refinance, said one mortgage professional, calling on associations to offer a broker course in how to direct clients to other alternatives.