Second mortgage insurer follows suit
That didn't take long.
One major mortgage insurer wasted no time announcing its own premium changes, following CMHC’s major statement Friday.
CMHC raises premiums
CMHC is increasing its mortgage insurance premiums for homeowners and 1-4 unit rental properties effective May 1, 2014.
Broker frustrated by auditing double standard
One broker is frustrated by what he perceives to be a double standard when it comes to how brokers are audited compared to their banking counterparts.
Broker calls for insurers to provide flagged properties list
One industry player is calling on the mortgage insurers to make a list of red-flagged properties available to mortgage brokers and Realtors, after a deal fell through in the 11th hour.
Brokers apprehensive about potential B-21
Brokers may not buy into Realtor optimism, with two industry players taking to MortgageBrokerNews.ca’s comments section to air their fears of the impending B-21 guidelines.
Broker: Expect tighter underwriting in 2014
One leading industry player foresees tightened mortgage lending regulations in 2014, which may affect the broker industry more than its banker rivals.
Leadership event for female brokers
One industry player has organized an event to help inspire and motivate tomorrow’s female leaders with her second BC Women in Mortgages Leadership Event, set to take place on February 3.
Broker fears CMHC downsize
While brokers doubt the ability of Canada’s independent mortgage insurers to pick up the slack if the government downsizes CMHC’s mandate, they’re much more certain about the kind of effect that move would have on their business.
Independent insurers to take advantage of CMHC's risk fee?
CMHC increased its risk fee to 3.25 per cent last week and one broker believes Canada’s independent insurers – and the brokers who deal with them – are poised to take advantage.
CMHC to Brokers: Don't worry about 'risk fees'
CMHC has now moved to reassure broker networks that new and controversial "risk fees" pose no threat to mortgage funding -- that despite growing fears.