Brokers disagree with experts on CMHC privatization
As Jim Flaherty continues to make waves in the broker channel, limiting the use of portfolio insurance by mortgage lenders in the 2013 budget, the question of privatizing the CMHC has once again been raised as a means of levelling the lending playing field for mortgage insurance.
CMP releases complete list of nominees
CMP magazine is sharing all of candidates for the upcoming Canadian Mortgage Awards, the most exhaustive and representative list in the awards’ celebrated history.
Who will be Employer of Choice for 2013?
CMP magazine is revealing another list of finalists for the upcoming Canadian Mortgage Awards, featuring names as popular as they are professional.
Genworth 'bulks up' in Q4
Fourth quarter earnings show Genworth is bullish on bulk insurance – and that’s great news for brokers trying to satisfy self-employed clients.
MonCana moves to cover switching costs
There's more than one way to skin a cat and more than one way for lenders to up their appeal for brokers in an increasingly competitive market.
Happy New Year, BFS clients
Ottawa's move to increase by $50-billion the amount of residential mortgages it will back through Genworth and Canada Guaranty may ultimately accrue to the benefit of alternative clients, suggest some brokers.
Montreal condo market slips
For the first time since 2008, average prices of condos in the Greater Montreal Area tumbled, due largely to tougher mortgage rules and an increase in the amount of inventory, according to a recent report from the Greater Montreal Real estate Board.
Pre-sales bump up Toronto housing starts
Buoyant pre-sales activity for multi-unit projects primarily in the Greater Toronto Area lifted housing start numbers to 222,900 units for the whole of Canada last month but “moderation” is still expected for the remainder of 2013 and the next year, according to CMHC.
Rosy condo market forecast for 2013
Never fear, brokers: First-time buyers, retirees and population growth will fuel the condo market in key Canadian markets this year and next, according to Genworth. Although, some more than others.
Genworth bags CMHC 'bulk' business
Genworth saw its high-ratio premiums slip in the second quarter compared to the year-ago period, driven by weakening demand and growth in low-loan-to-value activity