MCAP news

  • REMIC helps build Habitat for Humanity

    REMIC – and the hundreds of Canadians it trains to become mortgage agents – is setting a course for philanthropy, kicking off a campaign focused on building the coffers of Habitat for Humanity.

  • MCAP extends helping hand to Habitat for Humanity

    MCAP is aiming to extend the reach of one of the broker channel’s favourite charities, through both its broker-partners and their shared clients.

  • Canadian Mortgage Awards winners set to be announced

    The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.

  • 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.