Latest news

  • Home Trust: Let the good times roll

    The good times continue to roll for alternative lenders, with Home Trust reporting $1.67 billion in originations for the second quarter as tighter rules for A-lenders kicked in.

  • B.C. broker back for second season of Oprah reality show

    Lightening rarely strikes twice, unless you’re Vancouver mortgage broker Jessi Johnson, now invited back for the second season of an Oprah Winfrey reality show.

  • Genworth bags CMHC 'bulk' business

    Genworth saw its high-ratio premiums slip in the second quarter compared to the year-ago period, driven by weakening demand and growth in low-loan-to-value activity

  • CMHC: Brokers grow market share

    Ah, progress. Mortgage brokers grabbed a bigger share of the overall pie this year, according to the CMHC’s annual consumer market report.

  • Association beefs up membership

    The country’s newest mortgage broker association has spent its first few weeks beefing up membership rolls, setting an ambitious target for its fast approaching first quarter.

  • Broker points new way to new construction buyers

    Brokers looking for an in with clients “buying off the plan” should bypass the developer’s office and head straight to online homebuyer forums, said an Ottawa mortgage professional successfully using that detour.

  • Network head proposes recruitment code of conduct

    Some might call it a “poaching proclamation,” but the head of a national broker network is proposing a code of conduct dictating the way brokerages recruit professionals at other firms.

  • Alberta Invis-MI brokers react to reported rift with TD

    Alberta mortgage professionals with one of the country’s biggest broker networks say they’re hoping for a speedy resolution to an apparent dispute with TD, resulting in their restricted access to the lender.

  • myNext takes on new name

    A rose by any other name is just as sweet, but does the same apply to a lender?

  • Part-timer defends the controversial practice

    A seasoned broker – now a part-timer – is defending that choice, challenging mortgage professionals who argue the industry has no place for him and a growing number of others.