Fence-sitters in no rush to buy
Brokers are facing a growing number of pre-approvals as clients wait on a price correction, which, according to CMHC’s latest report, is unlikely to materialize.
Posted rates set to maximize IRD
There’s a very good reason why some banks continue to advertise unusually high posted rates, argue some brokers, even as other lenders move to slash theirs to the point of precipitating a rate war.
Expert outages stymie submissions
D+H continues to investigate the root causes of intermittent outages to its Expert platform that delayed submissions and frustrated brokers across the country this week.
Brokerages extend their reach beyond mortgages
It's the ultimate in proactive thinking, with some mortgage brokers moving to diversify their product offerings outside of mortgages and ahead of a market slowdown.
Brokers:New rules should drop approval times
The tougher mortgage rules may shut a significant number of borrowers out of the market, but mono-lines should turn that into an opportunity to speed up approval times, argue brokers.
Top Broker submissions set new record
With a Monday deadline looming, the number of submissions for the CMP Top brokers list has more than doubled last year's, suggesting mortgage professionals are increasingly willing to disclose funded volumes in exchange for a marketing boost.
Application deluge? Try application dud
Many mortgage brokers anticipating a deluge of clients eager to beat the mortgage rule changes were disappointed by the actual number of customers who came knocking at their doors last month.
Small market brokers climb top ranking
Mortgage professionals in smaller markets are increasingly stepping up to be counted in the CMP Top Brokers list. Their funded volumes are challenging mortgage professionals in much larger markets.
The Big Story: Attracting new agents
Brokers have been hiring new agents from time immemorial, but new pressures around commission splits and training are adding to the challenge. At the CMP Mortgage Summit, The Big Story spoke to industry veterans Gord Dahlen, of Dominion Lending Centres, and Ron De Silva, from RMAI Financial Group for their take on the issue.
Brokers anticipate Flaherty’s next move
What will the government’s next move be if the new mortgage rules don’t result in a market slowdown? Brokers are taking some well-educated guesses.