Demise of the buyers’ bonus a boon to brokers
B.C.'s new home credit for first-time buyers expires on March 31 – and that's great news for brokers tired of seeing many clients lured to a developer's lender.
Stymied switches prompt new game plan
A slowing market will grow the number of trailer fee transactions as brokers confront a spike in rock-bottom renewal rates – an effort on the part of some lenders to block switches, they charge.
Psst. Here's the ugly truth
Going forward, it may be hard to ignore the ugly truth staring your BFS clients in the fact: Is it time to declare your full income?
Brokers channel pumps $1.2 million into charity
Growing originations wasn't the only focus of brokers this year, with their collective efforts for charity surpassing last year's grit, determination and, indeed, generosity.
The Big Story: Broker welcomes O'Leary
Brokers have registered a number of concerns about Kevin O`Leary`s business model. Still, some think he may help brokers, reports Jemima Codrington, from Toronto.
Gooo, brokers! A pep talk for 2013
Here’s a pep talk for 2013 guaranteed to banish any broker’s self-doubts and market fears
The Big Story: Brokers endorse Emili
Brokers say consumers and lenders benefit from Emili despite criticisms that CMHC`s automated system routinely overvalues properties.
The Big Story: Brokers offering unsecured credit
Brokers may have qualms about unsecured credit and the banks that provide it, but how do they feel about offering those credit cards themselves?
Revamped mortgage rules sent high-ratio refis reeling - CMHC
The new lending rules have all but done away with high-ratio refis, the CMHC reports, confirming what many brokers have been saying for several months now.
RMG ad promotes brokers
RMG Mortgages is another lender stepping to the plate to help promote brokers, placing an ad hawking the benefits of their expert advice in a leading newspaper.