Broker gets 3 years for fraud
The Fredericton Provincial Court has now sentenced a New Brunswick mortgage broker to three years in prison for mortgage fraud.
What would you do if you had this client?
CMHC is at it again – or is that co-ops that are at it again.
Lender streamlines underwriting
Brokers partnering with Bridgewater Bank should soon find their deals course through the pipeline even faster as the lender updates its underwriting process, all with an eye to boosting efficiency.
Is it time to regulate road reps?
Should bank road reps come under industry regulation?
Don Cherry renews contract with team DLC
The hockey season may still be up in the air, but the sport’s real star, Don Cherry, has re-signed with team Dominion Lending Centres.
B lenders losing appetite for BFS
Paydays for BFS deals are fewer and farther between, as lender demands for paperwork in some cases doubles the wait time for brokers and borrowers alike.
Regulator weighs in on ethical online issue
Even if you are not a CAAMP member, it’s more and more likely that you’ll be subjected to the same rules governing the Internet protocol of its members.
Banks hurt by slower new home sales
August in Toronto was the slowest month in more than two years for new home sales, according to numbers released Monday and hinting at the effects of tighter mortgage rules. Still, it's one segment of the market brokers aren't too worried about, given historically low penetration rates with new construction.
Is ING Direct here to stay?
A Scotia-owned ING Direct may maintain its ties with the broker channel longer than many predicted, with the bank announcing it will work to double its customer base -- apparently without an expanded branch network.
Brokers prepare for agent drop-off
A softer housing market is poised to cull the number of renewing brokers in even the country’s most optimistic province, argue brokers in oil-rich Alberta, days ahead of a key deadline.