Broker: Non-banks should jump on the mobile-home wagon
Mono-line and other non-bank lenders refusing to write mortgages on mobile homes are handing the growing niche market to the big banks, but also limiting market share for brokers, said one Halifax professional.
Brokers: TD rate hike signals industry shift
The move by TD Bank, RBC and CIBC to raise rates on fixed mortgages because of rising bond yields may result in a temporary boon for lenders able to resist following suit in the next 24 to 48 hours, said industry professionals reacting to Monday’s move.
MCAP going after the Big Five
Mortgage lender MCAP is taking direct aim at the big banks, with bonuses for brokers bringing in clients who would otherwise renew or refinance with the Big Five.
Mortgage rates to jump in 2011 says BCREA
The one-year fixed mortgage rate is forecasted to finish 2010 at around 3.2 per cent and reach 4.05 per cent by the end of 2011, according to the British Columbia Real Estate Association (BCREA). The association cites the Bank of Canada’s fiscal tightening and brighter economic prospects as the driving reasons.
Lenders respond to brokers survey
CMP had the opportunity to speak to many of the lenders named to the Top 10 in Canada by mortgage brokers across Canada. They told us about the programs they implemented in 2010 and what they thought led to their success, and they discussed new programs they hope will have a positive impact on broker relationships.
$12-million mortgage fraud uncovered in Calgary
A $12-million mortgage fraud was discovered by police in Calgary that involved 22 homes and eight banks.
CMAs 2010: Nominees for Best Customer Service, Employer of Choice
With our popular vote awards categories announced last week, we're moving on to tell you about the nominees in the remaining 12 awards slots. Below, check out the nominees for the Merix Financial award for Best Customer Service (individual office) and the Employer of Choice award.
CMAs 2010: Nominees for Lender Underwriter categories
The 2010 CMP Canadian Mortgage Awards are less than two months away -- here are the nominees for the CMHC award for Best Lender Underwriter and the award for Best Newcomer - Lender Underwriter.
CMAs 2010: Nominees for Lender BDM categories
We'd like to introduce our popular vote campaign, where our readers will get to help choose the winners in eight categories through an online voting system. We're asking you to pick who you think deserves to win and the results will be given to the judges to help them make the final decision.
CMAs 2010: Nominees for Best Internet Presence
The 2010 CMP Canadian Mortgage Awards are less than two months away and we've just finished finalizing all the nominees. Each category will be posted online throughout the month of March (the full list will be published in the next issue of CMP), so be sure to check back often for the most up-to-date awards information.