Paying for errors & omissions
With a spate of E&O claims pinned to private lending deals, brokerages are increasingly straying from their association-endorsed insurers and, as Vernon Clement Jones finds out, shopping around for the best rates, wherever that search takes them
Mortgage Revolution addresses need for bank 'specialist' regulation
The Mortgage Revolution is gaining momentum, with the man behind the grassroots campaign pointing to a Calgary meeting bringing together mortgage professionals and lenders to address industry shortcomings and challenges.
New AMBA prez focuses on growing broker market share
AMBA’s new president is pledging to grow consumer awareness of broker services at the same time strengthen the organization’s ties to industry associations outside Alberta – both ways of overcoming stagnant broker market share.
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.
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.
Brokers react to latest mortgage industry research
The latest research on the broker industry from Maritz Canada for CAAMP, revealed some interesting facts about brokers and their relationships with consumers and lenders.
Mortgage brokers appear safe from GST
Finance Minister Jim Flaherty said Monday that there will be no additional GST on financial services following heated discussion about a new proposed tax policy that appeared in the federal budget earlier this month.
CMAs 2010: meet the judges
Like every year, CMP asks a number of industry representatives with a broad range of backgrounds to judge the Canadian Mortgage Awards. We feel this leaves the results in the hands of those who know the industry best, as well as makes the process as transparent as possible. Read on to see who is judging this year.
A civic state of mind
After what some would consider a lifetime in the broker industry, Ed Dooley says says he only has retirement, his grandchildren and golf on the mind. But as CMP finds out, there is a lot more to him than just that