Independent lender approved for CMHC mortgages
Another independent lender, CMLS Financial, has been approved to offer residential CMHC-backed mortgages in Canada, according to a press release from the company.
Female broker-only golf tournament sells out
Meadowbrook Golf and country club will play host to the sixth-annual Ontario Women’s Mortgage Industry Golf tournament on September 16 and the event is already sold out.
Breaking barriers between brokers and lenders
Lenders too frequently favour a “black and white” approach to qualifying clients, complain a growing number of frustrated brokers.
Underwriter's background paves the way?
Do you know where your dedicated underwriter comes from?
It could in fact make a difference, argues one broker pointing to the benefits of dealing with former employee of a mortgage insurer.
A different tack for self-employed clients
Brokers continue to vent their frustration over securing mortgages for self-employed clients, but are increasingly directing them to write off less of their income, among other successful strategies.
Will a broker favourite make this year’s lender’s list?
MonCana Bank of Canada has been a broker favourite ever since entering the channel – a popularity that perhaps this year will be reflected in CMP’s Brokers on Lenders survey.
One year later: Marking Flaherty’s mortgage rule changes
Happy anniversary? It’s been a year since the mortgage rule changes took effect, and brokers have felt the impact not only on their business, but especially their clients.
Calgary leads way in housing outlook: study
Calgary deserves some good news – and the latest Genworth Canada report on resale housing is just what the doctor ordered.
Genworth cuts only in the U.S.
U.S. mortgage insurer Genworth Financial announced they are cutting 400 jobs to reduce costs by up to $90 million a year - but those cuts will not be felt north of the border.
CMHC declines raise underwriting questions
CMHC’s balance sheet is now revealing the full impact of Jim Flaherty’s tinkering, although brokers want to know if the scale of that decline also reflects more rigid underwriting.