Broker and lender divided on deal
An Ontario broker and a private lender are at odds over two deals that fell through – one involving the forfeiture of thousands of dollars in commitment fees as spelled out in the contract.
Street gets CMHC approval to securitize mortgages
The Canada Mortgage and Housing Corporation has now confirmed Street Capital as both an approved issuer of NHA mortgage-backed securities and a seller under the CMB – a dual designation set to help brokers, according to the lender.
Small-market brokers feel the pinch
Making the big numbers in a small market is never easy – and a difficult 2012 made it all that more difficult for even the best of the best.
RBC pledges “no more outsourcing”
RBC may just have zapped some of the selling power of brokers, with the big bank now promising to never outsource Canadian jobs to foreign workers solely to save money.
Home Capital looking to double portfolio
Tough times, only for some. Home Capital Group actually plans to double its book by taking on customers turned away by the big banks.
Restrictions, not affordability, hurting Vancouver, says broker
According to a recent RBC Economics Research study, Vancouver remains the least affordable city in Canada to buy a home – something that isn’t stopping first-timers prepared to lower their expectations, says one broker.
2014 will see a deceleration: CAAMP
CAAMP has looked into its crystal ball, and is keeping its fingers crossed for growth this year, while holding its breath for 2014.
Analyst predicts Canadian housing crash coming
Canada’s housing boom will not make a soft landing, predicts one market analyst, and expects “significant collateral damage” is coming.
Commercial lenders pessimistic, survey shows
Commercial lenders haven’t been this pessimistic about the future since 2009, according to the latest numbers released by The Real Property Association and FPL Advisory Group.
Canada Guaranty to offer energy-efficient rebate
Canada Guaranty may just have removed another reason for lenders and brokers to send deals to its competitors, with the introduction of a rebate for energy-efficient homes.