Report: brokers beef up renewals
CAAMP’s new spring report is the second this month to suggest brokers are growing their share of renewals against an onslaught of bank competition, with mortgage professionals handling 22 per cent of those transactions last year.
OSFI addresses broker's criticism
Broker criticism of OSFI’s proposed guidelines may carry little weight with the regulator, its policy head answering and, perhaps, dismissing concerns those changes go too far.
1 OSFI proposal likely DOA: insurer
The OSFI proposal limiting access to mortgages as Canadians march toward retirement is least likely to pass into “law,” the head of Genworth’s risk operations reassured brokers.
Brokers ain't lying down for OSFI
The federal regulator threatening to overhaul the guidelines lenders and brokers work under is now in receipt of the channel’s most exhaustive response to those proposals -- in short, a list of what ain’t broke and don’t need to be fixed, say brokers.
Flaherty budget answers mortgage broker pleas
PHEW! Brokers are breathing a sigh of relief after the Finance Minister rejected calls to tinker with mortgage insurance rules, offering a budget that leaves the maximum amortization cap at 30 years and the minimum down payment at 5 per cent.
No rule changes on budget blotter: Association head
It’s likely what all brokers want to hear, and something they may have helped to bring about, with CAAMP President Jim Murphy suggesting the government has heard the industry’s concerns and will leave mortgage rules alone Thursday.
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.