Rule changes spur brokers & clients into action
Whether they like the rule changes or not, brokers are facing what may be the busiest two weeks of the entire rest of the year, especially those dealing with first-time buyers in danger of being shut out of pricey markets
New lender woos 625 brokers
An upstart channel lender has now attracted hundreds of brokers and nearly $200 million in mortgages – that with little more than eight months on the clock and without resorting to bargain-basement pricing.
Attracting new brokers is what will strengthen the industry going forward. CMP spoke to the six finalists for the Canadian Mortgage Award for Best Newcomer to get a sense of what motivates them and why they enjoy being a mortgage broker
The Big Story: At The Mortgage Summit
More than 500 of the industry's best attended the two-day Mortgage Summit in Toronto, which was focused on giving brokers the tools, the insights and the knowledge they need in this dynamic market. That was the collective message of more than 40 speakers on two stages. Find out on today’s The Big Story, on MortgageBrokerNews.ca TV, your home for industry news, opinion and analysis.
Broker channel clinches 4 spots on Profit 200
Broker Channel companies are all over the Profit 200 – with four of the industry’s highfliers winging their way to the top half of the list honouring Canada’s fastest growing companies.
Canada's best mortgage professionals honoured
Westerners challenged Ontario dominance at the 2012 Canadian Mortgage Awards Friday, the industry celebrating that excellence in Roarin’ 20s style at Toronto’s historic Carlu.
Mono-lines play David to banks' Goliath
It may be another case of David kicking Goliath’s butt, with mono-lines now taking back some of the business brokers were prepared to send to the banks, according to the latest quarterly report from D+H.
Brokers need to see clearly when it comes to rate
For one broker it’s the elephant in the room that no one wants to talk about: the fact that the industry continues to fight banks on rate when it is clear it can no longer do so successfully.
Top 5 mono-line challenges
CMP canvassed brokers from across the country on what exactly mono-lines need to do to keep more of the broker business now going to the banks. Here’s the Top Five ways brokers are challenged by mono-lines
Hot markets compensate for tougher refi rules
Exceptionally strong value gains across much of the country helped limit the Ouch! factor for many brokers grappling with CMHC rule changes on refis, with the Crown corporation suggesting that segment of its book has begun to bounce back.