Latest news

  • Toronto brokers defy CMHC projections

    Toronto home sales – and, indeed, its brokers – are bucking CMHC projections for a “slower spring,” pointing to year-over-year growth more than doubt those conservative estimates.

  • HomEquity responds to broker compensation concerns

    A move by HomEquity Bank to lower the eligibility age for its reverse mortgages to 55 is set to increase broker originations by as much as 10 per cent, company president Steven Ranson told MortgageBrokerNews.ca, at the same time expressing confidence in the company’s current compensation structure for brokers.

  • Ord's contributions to MA 'recognized'

    The president of Pacific Mortgage Group is publicly acknowledging the contributions of Mortgage Architects founder Bob Ord, at the same time expressing confidence in the team and corporate “culture” he left behind.

  • Pacific Mortgage Group riding high on Profit

    One of the broker channel’s biggest players – Pacific Mortgage Group – is now looming large on the national scene, with PROFIT magazine naming it the second most rapidly expanding company in Canada.

  • Broker: ‘Habitual refinancers’ facing forced listings

    There's strong indication new mortgage rules have begun to cull the number of “habitual refinancers” said one 20-year veteran of the broker industry, suggesting a spike in the number of forced listings should soon follow.

  • Reverse mortgage lender looking to grow broker referrals

    The corporate parent of HomeEquity Bank – Canada’s main underwriter of reverse mortgages revealed first quarter results marked by double-digit portfolio growth and a more-modest boost in originations.

  • Prince George brokers defy CMHC projections

    Brokers in sleepy little Prince George say they’re poised to significantly better originations this year even as their big-city counterparts in Vancouver enter a slowdown and the CMHC forecasts an 8 per cent sales slide for the northern hub.

  • Brokers: Rate drops ignite client preference for fixed

    Brokers are finally seeing a change in consumer appetite for risk after the second chop to fixed rates in two weeks.

  • National Bank aims to grow referrals

    Realtors and brokers are primed to a play an increasing role in National Bank’s growth strategy for mortgage lending, its CEO said on a conference call this week to discuss strong Q2 financials.

  • Brokers beware: BMO loading up on mortgage specialists and originations

    TD Bank has done what many in this slowing market have failed to: grow its mortgage business by eight per cent in the second quarter. Still, it’s not alone.