B20 to promote ‘uninsured’ securities market, says broker
One broker believes the new B20 guidelines should allow lenders to create a residential mortgage-backed security market entirely focused on uninsured loans.
Battle back against rate sites, analyst urges
Don’t obsess over the disruptive nature of rate comparison sites, says one industry analyst and speaker for the upcoming Mortgage Summit – instead create your own disruption and make your own waves in the channel.
Sale of Xceed ‘positive for brokers,’ says CEO
Concerns among brokers that Xceed will go the way of ING and FirstLine following MCAN’s announced takeover can be put to rest, says CEO Michael Jones.
Take the CMP poll
This week’s broker poll takes a look at appraisals, and just how accessible these documents are to the brokers who depend on them for information, and what - if any - changes in availability have occurred within the industry.
Brokers disagree with experts on CMHC privatization
As Jim Flaherty continues to make waves in the broker channel, limiting the use of portfolio insurance by mortgage lenders in the 2013 budget, the question of privatizing the CMHC has once again been raised as a means of levelling the lending playing field for mortgage insurance.
Ord parts ways with Invis/MI
Invis/Mortgage Intelligence is now confirming the departure of Bob Ord from the CEO position he only just assumed in June.
25 years of lending – No Foolin’!
Canada’s largest monoline will mark 25 years in the industry on April 1.
Brokers want firewall around designated underwriting
RMG’s recent move to a more centralized underwriting service may be a sign of the times, say brokers, but they’re generally more concerned with protecting the designated underwriting service they see as crucial to maintaining efficiency.
MCAN to buy Xceed Mortgage
A major Canadian portfolio MIC will soon have CMHC origination access, announcing its takeover of Xceed Mortgage yesterday.
CMP releases complete list of nominees
CMP magazine is sharing all of candidates for the upcoming Canadian Mortgage Awards, the most exhaustive and representative list in the awards’ celebrated history.