Rate transcends network lines
An increasing number of brokers seem prepared to cross “network lines” to get to new lenders, with agents outside the Pacific Mortgage Group expressing interest in Radius’s 2.94 per cent offer.
BMO, the bearer of good news?
There seems to be some sliver of light at the end of a long dark tunnel for brokers with BMO’s latest Housing Confidence Report indicating that nearly half of all Canadians intend to purchase a home within the next five years.
Flaherty: No more room for rule changes
Brokers have heard it before, but the Finance minister is saying it again – this time with more conviction – arguing the government simply has no more room to play with the mortgage rules.
Do I hear 2.94 per cent?
Radius Financial formally introduced its RateWise Mortgage Monday, pointing to both its 2.94 per cent on a five-year term and its more restrictive prepayment allowances.
CMHC stands by emili’s accuracy
The CMHC is once again defending Emili from a media report suggesting the system may have put the country at risk for a U.S.-style mortgage crash.
Product News - November 2012
A bite-sized guide to the industry`s newst products as they come down the channel.
Alberta avoids Ontario broker cull
It’s a tale of two re-licensing processes, with Alberta escaping the agent cull that hit Ontario earlier this year.
Brokers blame buydowns for Scotia chop
Buying down rates not only cheapens the value of a broker’s work, but could be directly responsible for any slash to broker compensation, according to one mortgage broker.
Brokers prepared to lump it, not leave Scotia
Most brokers will opt to lump it rather than leave Scotia over its 5-basis point chop, argue some industry veterans, even as others call for a boycott.
Tough market to grow independent players, says broker
With a slowing housing market and lenders slashing compensation, the channel will likely see more brokers opting to go independent rather than work under large broker networks as a way of cutting expenses, according to one mortgage professional.