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.
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 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.
One leading industry player foresees tightened mortgage lending regulations in 2014, which may affect the broker industry more than its banker rivals.
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.
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.
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 has now moved to reassure broker networks that new and controversial "risk fees" pose no threat to mortgage funding -- that despite growing fears.
Globe & Mail sources report that Genworth and Canada Guaranty are encouraging the Canadian government to raise CMHC premiums. What effect will this have on clients and the brokering industry as a whole? Not much, says one player.
It’s a match made in housing heaven, as a leading mortgage insurer and Habitat for Humanity team up to raise money for communities across Canada.