Equitable Trust: Bank status won't affect ties to brokers
Equitable Trust's interest in becoming a bank should not be seen as a move to reduce its reliance on mortgage brokers, said the monoline's president.
BMO grows originations despite mortgage rules
BMO’s big mortgage numbers for this quarter come at a cost, and that is the inevitable margin compression from low interest rates.
Broker course open to non-agents
CAAMP is opening up its broker education program to “those who deal with mortgage brokers or want to expand their knowledge about the industry.”
Brokers win new market-tracking tool
Knowing neighbourhood demographics in detail – from homeowner movement to pricing on the street-by-street level – is a critical advantage for brokers and one a new index aims to provide them.
IRD calculators gaining popularity
Brokers can warn clients about the pitfalls of IRDs and penalties, but it is a bit like leading a horse to water.
Lender aims to take the pain out of penalties
It is a familiar story – a client looking to refinance, but facing a prohibitively high penalty.
Still, Bruce Schoenne of PayLessPenalty.com has a solution, one some brokers may say sounds too good to be true.
Broker: clients need 24 hours to read fine print
If a home is the biggest purchase clients will ever make, they should at least be given a chance to read the documents they’re asked to sign, says one industry veteran, pegging that interval at 24 hours.
Brokers as much to blame as banks?
A MortgageBrokerNews.ca article detailing one man’s battle with TD over a $17,000 mortgage penalty generated a maelstrom of comments and criticism not only for lenders, but brokers.
Brokers to FSCO: breathe new life into AIR
Nobody likes homework, and the Annual Information Return can seem very much like it for principal brokers in Ontario, now facing a $1,000 fine if they fail to hand in that assignment before April 1.
Client uses Twitter to challenge TD mortgage
Before social media, if your clients had a beef with the bank, you basically complained to the lender and they to their friends, and that is where it would end.