Baby boomers offering boon for brokers
A veteran Vancouver broker has tapped into the growing number of baby boomers willing to sell their houses and take out high-ratio mortgages on retirement homes in order to limit exposure to the volatile property market.
Growing number of brokers reach for 'last ditch' lending
Lendwise – what some brokers call the lender of last resort – is reporting 70-per-cent year-over-year growth in funded volumes for May, as brokers respond to increasingly fierce competition from the banks on rate, rate and more rate.
MCAP extends helping hand to Habitat for Humanity
MCAP is aiming to extend the reach of one of the broker channel’s favourite charities, through both its broker-partners and their shared clients.
Alberta broker raises alarm about conservative appraisals
A seasoned Alberta broker is pointing to increasingly “low valuations” since new mortgage rules were ushered in, concerned appraisers for default insurers have gotten ahead of themselves and any future correction in the housing market.
Sign of the times: Brokers seeing demand for job-loss insurance
It’s the kind of validation brokers may be happy to do without. But one insurance provider is backing up their observations about more cautious clients, pointing to consistent broker demand for job-loss insurance even as the economy moves further out of recession.
Axiom names VP for Ontario
Axiom Mortgage Partners has appointed Tony Roberts as the vice-president of Ontario and Eastern Canada.
Newbie Vancouver brokers go part-time as purchases slow
The number of Vancouver brokers taking a second job outside the mortgage biz is on the upswing, say seasoned professionals, as the competition for a falling number of originations heats up and newbies find themselves without the established portfolios needed to grow referrals and refinances.
Gold-buying broker raises concerns
Some brokers fear it may tarnish the industry’s reputation. But a business advertising broker services – at the same it hawks “cash for gold” – is focused on customer service, said the jeweler/mortgage professionals behind it.
Centum enhances professional training for agents
Centum Financial becomes the latest broker network to up its professional development game, choosing industry trainer REMIC to help its agents expand their knowledge base as the market makes it tougher to nail down originations.
CAAMP President Makes Bold Statement in Australia
CAAMP President Jim Murphy made a bold statement a...