Lender panel plays it safe at CAAMP
A panel of lenders at CAAMP's annual conference said they believe mortgage brokers' share of the market will continue to grow, but also emphasized the need for greater efficiency and speculated that volume bonuses could be scaled back over time.
Low rates should come with warning, experts say
Cheap mortgages and the explosive resale housing market have been stirring fears of a housing bubble among economists and real estate experts.
Mortgage market rebounding, broker share stable, says CAAMP
Despite a difficult economic year, CAAMP's latest survey on the residential mortgage market in Canada points to reasons for being optimistic, among them a forecast that total outstanding mortgage credit will surpass the $1 trillion mark in 2010.
A report of privacy breaches at GTA mortgage brokerages - and an ongoing audit by the federal privacy commissioner - is a reminder that efforts to protect client information should not slip through the cracks
CAAMP awaits new mortgage broker license in Quebec
New Quebec licensing regulations that differentiate mortgage brokers and real estate brokers (as well as mortgage and real estate agencies) are expected to soon be pre-published for review, according to CAAMP.
GTA brokerages being investigated: Globe and Mail
A number of mortgage brokerages in the Greater Toronto Area are being audited by the federal privacy commissioner due to concerns over the security of client information, according to a report in the Globe and Mail.
Mortgage industry golf tournaments give back
A sluggish economy hasn't stopped the mortgage industry from heading to the golf courses to support a variety of causes during the late summer season.
Do you need another designation? Or are two already too many?
Designations have been in the mortgage industry for five years and have been both praised and criticized. Now a Seneca College program co-ordinator is launching a new designation -- and as CMP writes, it's already raising questions
Combination mortgages on the rise
At a time when the rate debate is as heated as ever, combination (or "hybrid") mortgages - which allow borrowers to divide their mortgage loan into fixed and variable rates - are becoming a more common product choice.