Latest news

  • 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.

  • Brokers disagree with poll suggesting young homebuyers deferring purchase

    More than half of young potential homebuyers in Canada think they are better off waiting until next year, according to a new survey, effectively contradicting broker observations.

  • Broker kicks off 'Revolution' to promote industry ethics

    One Edmonton broker has begun what he’s dubbed the "The Mortgage Revolution," bringing together industry professionals for a candid and often critical conversation on ethics, integrity and – in a troubling number of cases – the lack thereof.

  • Broker: Non-banks should jump on the mobile-home wagon

    Mono-line and other non-bank lenders refusing to write mortgages on mobile homes are handing the growing niche market to the big banks, but also limiting market share for brokers, said one Halifax professional.

  • Popular Vote for Canadian Mortgage Awards Now Open

    Again this year we are giving readers the opportunity to have their votes counted toward choosing the winners at the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank.