Latest news

  • Govt lender handed unfair advantage, say critics

    The finance minister needs to clean up his own house before pointing the finger of blame at the banking and mortgage community, suggests an analyst from the CD Howe Institute.

  • Broker access to appraisal reports severed

    One Barrie broker found himself out of the loop on his appraisers’ reports, only to learn that his appraiser had been told only to deliver reports to the lenders.

  • CMA finalists revealed

    In the first of many announcements to come, Canadian Mortgage Professional magazine is revealing the finalists in two categories for the upcoming Canadian Mortgage Awards.

  • Budget targets bulk mortgages

    Thursday’s federal budget could have been a lot worse, say some brokers while others are anxious about any potential fallout for BFS clients and monolines.

  • More than a new look for MortgageBrokerNews.ca

    MortgageBrokerNews has a new look, just in time for a new season.

  • Flaherty pulling wrong lever, says former TD economist

    Former TD Chief Economist and Department of Finance analyst is perplexed by Jim Flaherty’s obsession over mortgage rates, and sees a rate of 2.95 as being in step with bond yields.

  • How low can you go – 2.84

    Jim Flaherty needs to “stay out” of the affairs of banking, say mortgage brokers, as one channel lender throws down the gauntlet with the introduction of a 2.84 per cent rate.

  • Regulations, affordability hampering Gen Y buyers

    Regulatory hurdles and affordability are the major barriers to Generation Y to jumping into the housing market, says a recent Royal LePage survey.

  • ING transition to Scotia almost complete

    With the transition of ING employees to Scotia, many have found employment elsewhere in the industry, despite a goal for 100 per cent placement within the major lender, says the former head of broker sales with ING, Kim Luxton.

  • Manulife, the mouse that almost roared

    Manulife’s decision to reverse a 20 bps mortgage cut – only after a phone call from the ministry of finance – is drawing criticism from brokers, but also praise.