Have your say with Finance Minister Flaherty
Gary Mauris, President of DLC is seeking advice from everyone involved in the mortgage industry as he prepares to attend a pre-budget consultation roundtable with Canadian Finance Minister Jim Flaherty Jan. 19 in Regina, Sask.
Fed gov't discussing new restrictive condo mortgage laws
The federal government is focusing on new ways to limit qualifying for mortgage loans on condominiums, according to the Financial Post.
Xceed to halt mortgage origination
In announcing its financial results for 2010, Xceed Mortgage stated that it will suspend origination of insured mortgages through its broker network and that its application to become a regulated financial institution will continue to remain on hold.
Rates to rise 1.5 per cent in 2011: Merrill Lynch Canada
The Bank of Canada will likely increase interest rates by 1.5 percentage points because of anticipated inflation later this year, according to Sheryl King, chief investment strategist for Merrill Lynch Canada.
Brokers react to latest mortgage industry research
The latest research on the broker industry from Maritz Canada for CAAMP, revealed some interesting facts about brokers and their relationships with consumers and lenders.
Mortgage Mentor Inc. launches new TDS lender matrix
Mortgage Mentor Inc. has launched a new software module called MM Pro to help brokers consistently calculate debt service ratio for all of their deals.
Changes to FirstLine’s POINTS Rewards Program
FirstLine Mortgages announced improvements to their status program for brokers.
Britons turn to credit cards to make mortgage payments
In what could be a warning of things to come for Canadians who may struggle their mortgage payments if interest rates rise, it has been reported that more than 2 million people in Britain have used credit cards to pay their mortgage or rent, an increase of almost 50 per cent in a year, according to the housing and homelessness charity Shelter.
Top Ten New Year’s resolutions for financial consumers: OBSI
Canada’s Ombudsman for Banking Services and Investments (OBSI) released its Top Ten Resolutions for 2011, highlighting the ways in which Canadians can help avoid future problems with their financial affairs.
Bank of America settles Fannie and Freddie
Fannie Mae and Freddie Mac, the U.S. government mortgage lenders, accepted US$2.8-billion from Bank of America to settle claims of the bank providing faulty loans.