Latest news

  • Agent: Re-licensing could cull broker numbers by 10%

    Re-licensing requirements for Ontario could instantly decrease the number of mortgage professionals by as much as 10 per cent said a new agent, although the loss of young entrants discouraged by the slow economy and tight market may be a good thing.

  • Xceed to brokers: We have returned and here's why...

    “We never doubted that Xceed needed to partner with the mortgage broker industry,” Gleb Ioussoufovitch, director of sales and marketing for the non-bank lender, told MortgageBrokerNews.ca last Friday. “But we wanted to be a good partner ourselves. "

  • CAAMP: online re-licensing course 'free' for members

    CAAMP will offer the online version of Ontario’s mandatory re-licensing course free to its members – an effort, said its CEO, to “promote member value.”

  • MortgageBrokerNews nominated for COPA award

    MortgageBrokerNews.ca has been named a finalist for the 2011 Canadian Online Publishing Awards, receiving the nod in the Best E-newsletter category for B-to-B magazines.

  • Top Broker: BDMs must evolve into 'educators'

    The head of CMP’s “Mortgage Brokerage of the Year” is urging BDMs to embrace an expanded role as educators, a way of increasing their utility to mortgage professionals, looking to grow their own usefulness to clients.

  • Vancouver brokers eyeing Alberta opportunites

    It may be a case of thinking the grass is greener on the other side, but a growing number of B.C. brokers are moving to get licensed across the border in Alberta, as originations in their own large markets slow.

  • OSFI echoes broker concerns about Big Six lending

    RBC, BMO and the rest of the Big Six, consider yourselves warned: The Office of the Superintendent of Financial Institutions (OSFI) has its eye on you, moving to increase its scrutiny of your lending practices to ensure prudence isn’t sacrificed for volume.

  • Broker: Time to give BDMs approval power

    A leading Toronto broker is asking lenders to consider returning limited approval power to BDMs, at the same time making those front-line reps more accountable for their underwriting decisions.

  • Regulators crack down on rogue brokers

    The industry saw a spate of broker suspensions and cease and desist orders this summer, with regulators showing renewed willingness to enforce both the letter and the spirit of the law.

  • Fall forecast for GTA brokers: Sunny

    If business for Toronto brokers has been down this fall, it may not be for a lack of opportunity, given a 25 per cent jump in home sales for the first two weeks of September, compared to last year.