Collu: Volume minimums ‘taking brokering out of brokering’
Continued use of volume requirements may undercut efforts to grow efficiency ratios while threatening broker independence, said IMBA’s new president.
2011: The Road Ahead
Consumer awareness and confidence in brokers, broker-lender relationships and the threat from government of more mortgage rules are some of the issues John Tenpenny heard about when talking with prominent industry members
Are U.S. brokers giving Canadian brokers a bad name?
Canada’s mortgage brokers are voicing concerns that negative press in the United States is hurting their business, and their reputations.
FSCO seeks comment on mandatory continuing education proposal for mortgage brokers
The Financial Services Commission of Ontario (FSCO) has released a proposal that would see continuing education (CE) become mandatory for mortgage brokers. The proposal is out for public comment until February 28. In spring 2011, FSCO plans to release its decision on its website.
Banks won't impose own tighter mortgage rules: TD
Canadian banks are not likely to impose stricter mortgage qualifying rules on their own to curb the nation’s rising household debt, TD chief executive officer Ed Clark told The Globe and Mail.
Mortgage brokers appear safe from GST
Finance Minister Jim Flaherty said Monday that there will be no additional GST on financial services following heated discussion about a new proposed tax policy that appeared in the federal budget earlier this month.
Lender status cards - do you have yours?
Broker status and incentive programs are becoming increasingly common among mortgage lenders - but what does it mean for brokers? Erin Letson explores what lenders are trying to achieve, why efficiency matters and how to become a status broker
Mortgage industry golf tournaments give back
A sluggish economy hasn't stopped the mortgage industry from heading to the golf courses to support a variety of causes during the late summer season.
Do you need another designation? Or are two already too many?
Designations have been in the mortgage industry for five years and have been both praised and criticized. Now a Seneca College program co-ordinator is launching a new designation -- and as CMP writes, it's already raising questions