Latest news

  • CAAMP: RBC must 'deal' with specialist

    It’s up to RBC to ensure all 1,400 of its mortgage specialists convey accurate information about the broker channel, CAAMP’s president said Wednesday, suggesting the big bank must also “deal” with the individual responsible for drawing his members’ fire.

  • Collu: Volume minimums ‘taking brokering out of brokering’

    Continued use of volume requirements may undercut efforts to grow efficiency ratios while threatening broker independence, said IMBA’s new president.

  • Newspaper supplement causes broker confusion

    CAAMP is setting the record straight about its contribution to a mortgage advertising supplement in last Wednesday’s Globe and Mail, answering member confusion about who, in fact, paid for it.

  • Déjà vu: Another RBC mortgage specialist riles brokers

    Controversial statements from another RBC mortgage specialist have now resurfaced – again in B.C. and again attracting broker ire.

  • RBC to brokers: We apologize

    With multiple statements, RBC moved to distance itself from the controversial flyer of one of its mobile mortgage specialists – apologizing for its unflattering and inaccurate depiction of brokers.

  • Controversial document infuriates brokers

    Them’s fighting words: A document from an RBC employee outlining the differences between mortgage brokers and specialists is drawing the ire of brokers – charging it mischaracterizes their work, their qualifications and their motives.

  • Former Invis exec weighs in on PMG takeover bid

    A former executive vice president for Invis Inc. is throwing cautious support behind the Pacific Mortgage Group takeover bid, suggesting it could strengthen the hand of member brokers in an increasingly competitive field.

  • Gord Dahlen joins DLC

    Dominion Lending Centres announced that Gord Dahlen is joining the company as executive vice president.

  • Pacific Mortgage Group bids to buy Invis

    Pacific Mortgage Group -- parent of Mortgage Architects Inc. and myNext Mortgage -- has now taken its bid for Invis directly to the company’s shareholders, a move likely meant to circumvent board opposition. And Invis responds.

  • Game on for Xceed, but not for brokers, yet

    Xceed remains in the mortgage-origination game -- launching a “green” program for new home purchases and refinances – but it hasn’t yet invited brokers back to play.