Frustrations mount that the banks aren’t passing the entire savings onto their clients in the wake of another axed benchmark rate.
Stingy – that’s how brokers may characterize the 10 bps drop by banks yesterday, and leaving the door open to monolines.
It may be the in the future, but brokers are looking at the inevitable rate hike and anticipating what the banks will do with their own rates at that time.
With CAAMP set to re-evaluate its future – and the role the next leader will take – industry players believe there are certain things the association should focus on, including providing more support specifically to brokers.
Can brokers expect a second rate cut this week?
Broker dismisses “shadow” lending talk as “nonsense”.
Newspaper headlines thunder that housing prices are out of reach of average homebuyers, yet mortgage brokers’ bottom lines remain healthy – what is the true story?
Anyone with a smartphone has an app that they find invaluable; one Canadian company is designing apps specifically for mortgage brokers and real estate agents.
One mortgage company is bringing together technology and happy client stories in one contest in the coming weeks.
Brokers are increasingly frustrated by credit check inaccuracies, and one industry player has proposed an easy solution.