Mortgage Alliance news

  • Finalists for Canadian Mortgage Awards broker/brokerage categories announced

    As the 2012 Canadian Mortgage Awards wind down on June 1, there may be some familiar names headed to the podium to accept the Broker, Brokerage and National Broker Network of the year awards.

  • Canadian Mortgage Awards names first group of finalists

    It’s that time of year again – time for the finalists for the Canadian Mortgage Awards to be announced.

  • Lender offers lifeline to 'subprime orphans'

    A new deal has bought time for some of Xceed’s subprime borrowers – clients who could well have been left in the cold had the lender refused to renew their high-ratio loans.

  • Ready for takeoff

    While residential real estate continues to slow, more and more brokers are looking to an improving and even hot commercial market as a way to build business. CMP spoke to some brokers and lenders in this space and they are all in agreement that commercial deals are on the upswing

  • CAAMP director answers criticism of board makeup

    One of only a handful of active brokers on CAAMP’s board of directors is chalking up the limited representation to name recognition challenges and brokers themselves – often reluctance to take time away from their businesses.

  • Brokers: Lenders, cut us some slack

    A seasoned broker is encouraging channel lenders to relax their minimum volume requirements in the short-term, a way of helping an industry struggling to maintain originations even as the Canadian market cools.

  • Ad increase bolsters network's book

    A national broker network is crediting a 20 per cent jump in its advertising budget for a double-digit spike in business – even as new home sales slip.

  • Going exclusive

    Mortgage professionals say they’ve had enough of clients going to the bank, with broker commitment letters in hand. As Vernon Clement Jones finds out, a growing number are thinking exclusivity agreements will stop them in their tracks

  • 'Escalating lender incentives' for Realtors troubling, say brokers

    The apparent escalation of lender incentives for Realtors is raising broker concerns around disclosure and the potential dangers for clients.

  • Broker: Time for channel to help subprime orphans

    Broker channel associations and lenders must lobby government on behalf of homeowners effectively orphaned by fleeing subprime lenders and blocked from switching to A lenders because of the new refi rules, said a mortgage professional grappling to keep borrowers in their homes.