Latest news

  • 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.

  • 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.