Growing number of brokers look to salaried positions
A brokerage hawking salaried positions instead of tried-and-true commissions is pointing to a slowing market to explain a significant increase in the number of brokers jumping at the opportunity.
Broker: Clients now suffering collateral damage from collateral mortgages
Broker fears that growth in collateral mortgages could darken their business horizons have come true, said one broker, pointing to his own impaired capacity to service clients.
Winners announced at 2011 Canadian Mortgage Awards
Winners at the 2011 Canadian Mortgage Awards cut a wide swath across the industry, with Albertans leading the charge against Ontario dominance at the ICICI Bank-sponsored event.
Brokers: CAAMP will investigate RBC complaint
First hurdle cleared: CAAMP will in fact mount an investigation into that RBC document responsible for setting off a firestorm of criticism, MortgageBrokerNews.ca has learned, fueling hopes the bank will ultimately be held accountable.
Lender: RBC document suggests need for independent broker association
The RBC brouhaha has highlighted the need for a national association exclusively broker in advocacy and membership, said a veteran lender of the broker channel and, of all things, the banking industry.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.
FirstLine raises the floor on discounts for variable mortgages
With or without a Central Bank move, brokers are bracing for an increase in adjustable rates offered through the broker channel after FirstLine Mortgages raised its floor by 25 basis points.
Realtors seeking mortgage broker licenses
A growing number of real estate agents are taking out mortgage broker licenses -- a way of better guiding clients and protecting property deals increasingly susceptible to financial turbulence.
RBC facing formal complaints from CAAMP members
At least two CAAMP members have moved to initiate formal complaints against RBC, alleging the mega bank violated no less than three rules set out in the association's code of conduct.
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.