Contest giveaways bolster broker originations
Free” and “Win.” They’re two of the most powerful words in the English language, and brokers are increasingly using them to bring prospective clients through the door and signed up on the dotted line.
Economists: Vancouver brokers face further 'slowdown'
Vancouver brokers faced a slowing market in July, a deficit stagnant home values were unable to compensate for, according to the latest sales numbers.
MAC's Right Mortgage moves to Paradigm Quest
Mortgage Alliance has officially found a new home for its industry-leading Right Mortgage, giving Paradigm Quest – and “multiple lenders” under its umbrella – the nod.
Competition grows for association-annointed E&O insurers
E & O insurance providers endorsed by CAAMP and other professional associations are facing a run for their money as competing insurers win over brokerages fleeing premium hikes.
Brokers benefit from more generous rental offsets in the GTA
An increasingly tight but competitive Toronto market has lenders migrating back to the 80-per-cent rental offset, say brokers focused on property investors and now finding it easier to get their deals funded.
Mortgage Revolution addresses need for bank 'specialist' regulation
The Mortgage Revolution is gaining momentum, with the man behind the grassroots campaign pointing to a Calgary meeting bringing together mortgage professionals and lenders to address industry shortcomings and challenges.
Broker worried rent-to-own gains may cost industry
A 400-per-cent increase in business for a rent-to-own lender is raising concerns among brokers, worried the industry is opening itself to future litigation by placing clients in those deals.
Genworth moves down the Street
Street Capital has added Genworth as a default insurer, a move, says the lender, in response to broker requests.
RBC lobbying for higher interest rates?
RBC may be priming the pump for an interest rate hike at the Central Bank, its economists arguing prime should soon be pushed up in order to block vulnerable buyers from entering the housing market – that warning coming as banks continue to cut rates in order to win greater mortgage volumes.
First National suffers originations decline.
First National’s latest quarterly results are confirming what brokers across the country already know, with the major mono-line reporting a 6 per cent decline in mortgage originations from the year-ago period.