Brokers at par with banks on new mortgages - CAAMP.
Broker gripes aside, the new mortgage rules may have helped them grow market share, with CAAMP’s latest report suggesting brokers are now even Stephen with banks in terms of new mortgage originations.
Majority of Canadians managing mortgages well
More than two thirds of Canadians are “comfortable with their debt” and are able to pay down their mortgages, suggesting that the stringent lending rules introduced by the government this summer may have been unnecessary, according the annual report released by CAAMP this week.
Sources: O'Leary to create white label
Sources are telling MortgageBrokerNews.ca more about Kevin O’leary’s foray into the industry, suggesting he'll brand a white-label product offered by a leading mortgage servicing company then use his name and an advertising campaign to generate leads -- leads meant to bypass brokers.
Association membership should have its privileges: broker
It may be the ultimate in big-sky thinking, with one veteran suggesting brokers should ultimately be able to access preferred status with lenders based on their membership in CAAMP or any other industry association – something that could dispense with the need for pooling and, ahem, broker networks.
Association grows its reach
Atlantic Canada is edging closer to real regulation, with the Nova Scotia government now eyeing the region’s fledgling association as a provider of basic broker education even as another province appears to drag its heels.
Instructor calls for course overhaul under CAAMP
A former instructor of Ontario’s mortgage broker course hopes the program – now to be delivered by CAAMP -- will feature revised course content rather than a rehash of what had been offered to agents in the past.
CAAMP course fees ignite broker reaction
CAAMP will reveal exact fees for its upcoming Ontario mortgage broker course next month, but some members outside the country’s largest market are calling on the association to equally subsidize all province-specific courses.
CAAMP to provide broker ed program
The Financial Services Commission of Ontario has named CAAMP as the sole provider of the mortgage broker education program in the province for the next four years, even as some brokers express the desire for multiple course providers.
Do I hear 2.94 per cent?
Radius Financial formally introduced its RateWise Mortgage Monday, pointing to both its 2.94 per cent on a five-year term and its more restrictive prepayment allowances.
Product News - November 2012
A bite-sized guide to the industry`s newst products as they come down the channel.