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.
Call by rivals for CMHC to hike premiums: To what effect?
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.
Insurer teams up with Habitat for Humanity
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.
Mortgage Architects find a way to make conferences fun
Company conferences can be long and drab, but when done right – as was the case at this summer’s Mortgage Architects national conference – they can provide a fun and engaging platform for employees to mingle and learn.
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.