Dominion Lending Centres news

  • CAAMP crunches the rate discounting numbers

    CAAMP’s comprehensive quarterly report, entitled “Looking for a ‘New Normal’ in the Residential Mortgage Market”, points to just how prevalent rate discounting is across Canada.

  • Broker doesn't like first-time buyer trend

    First-time home buyers are putting off purchasing a principle residence in favour of first buying investment properties in cheaper markets, says one broker; but one of his peers isn’t convinced this is the best move.

  • Rate war reignited; brokers not intimidated

    ScotiaBank is the latest lender to offer a sub-three per cent mortgage rate but one broker doesn’t feel threatened by the latest offering; even though he does realize it will bring in a fair amount of business for the big bank.

  • Broker not threatened by big bank incentive

    Brokers may view RBC’s newly-minted mortgage incentive program – that offers realtors a bonus for referring first-time home buyers -- as a sign that the broker channel has the bank worried about market share.

  • Slower underwriting due to mortgage rule tweaks?

    Brokers have experienced a lender backlog and while the reasons vary, many agree it is due to underwriters having to adapt to recent rule changes.

  • Two brokers: Two opinions on advising a certain client

    Opinions diverge on how best to advise clients with little or no credit.

  • Mortgage product re-ignites mortgage wars

    Move over BMO’s 2.99 “No Friller” mortgage: A new product – from an unlikely source – is the one making waves in the mortgage industry Tuesday.

  • 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.

  • Mortgage Summit a big success

    CMP’s Top 75 were unveiled – for the first time ever – live at the Mortgage Summit in Toronto on Thursday and the event is being heralded, by Vernon Jones, editor of CMP, as a great way to mark broker successes with the appropriate fanfare.

  • Collateral charge mortgages have advantages: Broker

    One broker reiterates the positives of the much-maligned – and increasingly popular -- collateral mortgage product.