http://www.mortgagebrokernews.ca Welcome to Broker news Copyright (C) 20135 http://www.mortgagebrokernews.ca/news/broker-ensnarled-by-redx-error-174014.aspx http://www.mortgagebrokernews.ca/news/broker-ensnarled-by-redx-error-174014.aspx A Toronto broker wants the same high standards currently applied to mortgage brokers placed on REDX reporting – having herself fallen victim to an apparent case of mistaken identity. Fri, 17 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/twitter-not-just-for-celebrities-says-broker-174015.aspx http://www.mortgagebrokernews.ca/news/twitter-not-just-for-celebrities-says-broker-174015.aspx Twitter is helping brokers grow their businesses, and the twittering and tweeting at last week’s Mortgage Summit was indicative of the growing popularity of this social format. Fri, 17 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/eisman-upbeat-on-u-s--down-on-canadian-housing-174027.aspx http://www.mortgagebrokernews.ca/news/eisman-upbeat-on-u-s--down-on-canadian-housing-174027.aspx The man who earned his street cred by betting against subprime mortgages in the U.S., said he is pessimistic about the Canadian housing market where rising prices haven’t been accompanied by personal income growth. Tue, 21 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/churchandstate-separation-crucial-for-inhouse-mics-say-brokers-174028.aspx http://www.mortgagebrokernews.ca/news/churchandstate-separation-crucial-for-inhouse-mics-say-brokers-174028.aspx Forming an in-house MIC was one of the more popular sessions at the recent Mortgage Summit – and the most important message brokers came away with is the need to keep those writing the deals and those approving the deals at arm’s length. Tue, 21 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/brokers-taking-on-the-mantle-of-money-managers-174029.aspx http://www.mortgagebrokernews.ca/news/brokers-taking-on-the-mantle-of-money-managers-174029.aspx More and more industry professionals are becoming informal investment advisers in addition to brokering, helping clients better balance their lifestyles and finances. Tue, 21 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/dickson-stepping-down-as-osfi-head-174045.aspx http://www.mortgagebrokernews.ca/news/dickson-stepping-down-as-osfi-head-174045.aspx A source at OSFI is now confirming the regulatory chief who ushered in the tightest lending guidelines in recent history will step down after her one and only term ends. Wed, 22 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/housing-market-facing-5year-slump-says-caamp-174046.aspx http://www.mortgagebrokernews.ca/news/housing-market-facing-5year-slump-says-caamp-174046.aspx A CAAMP survey released today shows a housing market that is in trouble, and in danger of struggling for another five years. Wed, 22 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/top-brokers-find-success-going-back-to-basics-174051.aspx http://www.mortgagebrokernews.ca/news/top-brokers-find-success-going-back-to-basics-174051.aspx Many of the candidates aspiring to be CMP Top 75 brokers have gone back to the basics, with an emphasis on sales and not sidelines. Wed, 22 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/cmhc-bulk-coverage-on-flahertys-radar-174059.aspx http://www.mortgagebrokernews.ca/news/cmhc-bulk-coverage-on-flahertys-radar-174059.aspx Finance Minister Jim Flaherty told reporters last week that he had “no plans” to intervene in the nation’s housing market anytime soon – but only yesterday told a Senate committee that he is examining the role of the CMHC “very closely,” including a look at portfolio insurance. Thu, 23 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/debtservicing-changes-stir-brokers-174061.aspx http://www.mortgagebrokernews.ca/news/debtservicing-changes-stir-brokers-174061.aspx A move by two lenders to change their calculations on debt servicing ratios vis a vis unsecured lines of credit is raising broker eyebrows. Thu, 23 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/canada-guaranty-to-offer-energyefficient-rebate-174062.aspx http://www.mortgagebrokernews.ca/news/canada-guaranty-to-offer-energyefficient-rebate-174062.aspx Canada Guaranty may just have removed another reason for lenders and brokers to send deals to its competitors, with the introduction of a rebate for energy-efficient homes. Thu, 23 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/commercial-lenders-pessimistic-survey-shows-174071.aspx http://www.mortgagebrokernews.ca/news/commercial-lenders-pessimistic-survey-shows-174071.aspx Commercial lenders haven’t been this pessimistic about the future since 2009, according to the latest numbers released by The Real Property Association and FPL Advisory Group. Fri, 24 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/analyst-predicts-canadian-housing-crash-coming-174072.aspx http://www.mortgagebrokernews.ca/news/analyst-predicts-canadian-housing-crash-coming-174072.aspx Canada’s housing boom will not make a soft landing, predicts one market analyst, and expects “significant collateral damage” is coming. Fri, 24 May 2013 00:00:00 GMT http://www.mortgagebrokernews.ca/news/2014-will-see-a-deceleration-caamp-174073.aspx http://www.mortgagebrokernews.ca/news/2014-will-see-a-deceleration-caamp-174073.aspx CAAMP has looked into its crystal ball, and is keeping its fingers crossed for growth this year, while holding its breath for 2014. Fri, 24 May 2013 00:00:00 GMT