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.
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.
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.
Opinions diverge on how best to advise clients with little or no credit.
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.
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.
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.
One broker reiterates the positives of the much-maligned – and increasingly popular -- collateral mortgage product.
The case of a recently deceased mortgage broker who is accused of committing fraud may trigger a shift among broker networks when it comes to allowing its brokers to operate independent MICs.
REMIC is offering a free two hour session to help mortgage brokers prepare themselves for the upcoming anti-spam law.