BoC may end the rate wars
If the banks aren’t prepared to put the brakes on rising mortgage debt, the Bank of Canada may soon be, hinting that it could raise its key overnight rate as soon as this summer.
Beating the banks
As part of its annual year-end survey, Dominion Lending Centres polled its network in December to find out what brokers from across the country feel are their greatest challenges for 2012. Find out what they plan to do to overcome these challenges and turn them into opportunities
Brokers help tweak ING HELOC
ING has now made its HELOC available to all broker-partners, after what it terms a successful pilot resulting in tweaks to the product.
Agent: HELOC growth highlights broker obligations
New numbers charting the astronomical growth in HELOC use – along with an equally unprecedented growth in household debt – are highlighting the need for brokers to educate clients even as those mortgage brokers gain greater access to the products, says one agent.
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.