Poll results: Banks vs. Monolines in the porting debate
When it comes to porting a mortgage one type of lender reigns supreme, according to a recent poll.
Lender offers guide for one type of difficult deal
Brokers are often frustrated when dealing with underwriting requirements and trying to get a deal done, but one leading lender has shared a helpful list of tips for securing one type of difficult deal.
Poll results: Brokers convert business on heels of increased competition
Opinion among brokers was divided about Investors Group’s recent rate promotion and just how good a deal it was for customers. We wanted cold, hard numbers, though, so we asked our readers how many were able to convert client inquiries into funded deals. Read on for the results.
Commercial mortgages reach $185 billion
Commercial mortgages are an increasingly lucrative business and these latest Canadian statistics may draw a few more players to the game.
Monolines surprised by rate; clients curious
Reports of Investor Group’s recent 1.99 per cent three year variable rate “shaking” the industry weren't exaggerated, with lenders being caught off guard and scores of clients inquiring about similar products.
Repeat performances mark Canadian Mortgage Awards
The success of the annual CMP Canadian Mortgage Awards roared across Toronto’s Liberty Grand Friday with over 600 attendees recognizing the industry’s top players – among them an unprecedented number of repeat winners.
Lender support finalists announced
Talented lender support can mean the difference between funding a deal for a client and not. And with that in mind, CMP has released the finalists for the best lender BDM of the year and best lender underwriter of the year.
Lender expands to Prairies
One lender is making it easier for brokers in Manitoba and Saskatchewan who have resolved to do more trailer fee-driven deals by expanding into the Prairie Provinces in 2014.
Canadian Mortgage Backed Securites: The next big thing?
An increasingly important lender in the broker channel has successfully arranged a Canadian Mortgage Backed Securities (CMBS) transaction involving $400 million in commercial financing – marking the largest deal under the program since 2007. But is it also a sign of more and bigger things to come?
Independent lender approved for CMHC mortgages
Another independent lender, CMLS Financial, has been approved to offer residential CMHC-backed mortgages in Canada, according to a press release from the company.