Over two years of discussion has resulted in the formation of the Canadian Mortgage Brokers Association – a national group bringing together provincial players.
Brokers aren’t ready to give up without a fight: Several industry players share their thoughts on winning back market share.
The credit union offering a record-low mortgage rate isn’t offering it to broker partners, despite interest within the channel.
CAAMP released its annual ethics complaint summary for 2014, and the vast majority of complaints were made against new CAAMP applicants.
He got under the skin of many brokers with his prediction of a housing crash, but wait until you hear the advice this leading financial advisor is offering the big banks about their mortgage businesses.
Brokers are calling for a higher barrier to entry into the industry, and many believe the first step lies in establishing a more rigorous curriculum for attaining the broker designation.
It may be a controversial tactic, but one broker has admitted to using it to discourage clients from shopping for rate at the big banks.
Just prior to the Bank of Canada’s rate announcement four industry leaders predicted where rates will go within the next 30-45 days, and a consensus was reached.
Credit unions are slowly earning their chunk of the mortgage market, but brokers warn of the potential pitfalls of not knowing the limitations and carefully reading the fine print.