Credit unions hounded for HELOCs
Brokers are on the hunt and credit unions are already welcoming a wave interest as new federal guidelines limit HELOCs at the banks and make their own higher LTVs more enticing.
Reaching new heights
It’s a message that reverberated from one end of The Mortgage Summit to the other, with speaker after speaker calling on brokers to choose sides – are you focused on service or rates?
Part-timer defends the controversial practice
A seasoned broker – now a part-timer – is defending that choice, challenging mortgage professionals who argue the industry has no place for him and a growing number of others.
CAAMP director answers criticism of board makeup
One of only a handful of active brokers on CAAMP’s board of directors is chalking up the limited representation to name recognition challenges and brokers themselves – often reluctance to take time away from their businesses.
CAAMP's new Board of Directors announced
CAAMP’s board of directors now includes two more practicing brokers, with the association introducing a total of six new directors at its annual general meeting in Niagara Falls Thursday.
AMP membership jumps
Broker beefs aside, CAAMP realized a whopping 10 per cent jump in AMP memberships during its last fiscal year, according to data released this week.
REMIC re-licensing course ups the ante
Ontario’s re-licensing race just got more interesting, with industry trainer REMIC introducing a course loaded with extras and for as little as $30 – an offer designed to challenge CAAMP’s own free online invitation to members.
Specialist removes 'mortgage broker' from web name
“TDmortgagebroker.com” – The website of a TD mortgage specialist – has now been removed after MortgageBrokerNews.ca queried the unlicensed use of that name.
Murphy: Ontario could lose 1,830 brokers at re-licensing
Forget eight per cent.
CAAMP President Jim Murphy is suggesting Ontario could lose as much as 15 per cent of its brokers and agents with new re-licensing requirements, effectively erasing gains made since the last major cull.
Who gets the bill for broker ad campaign?
Merix head Boris Bozic has joined the growing number of mortgage professionals endorsing the idea of a national advertising campaign, specifically focused on hawking broker wares to the largely uninformed consumer. That’s even as others look to mono-lines themselves to foot the bill.