Brokers: Lenders turning their back on 'grow-op' properties
As few as one or two broker channel lenders are now willing to write mortgages on the growing number of Ontario properties once home to grow-op and meth lab operations, said a broker skilled in moving those complex deals to funding.
CMP Top 50 Brokers list announced
2010 was a good year for Canadian mortgage professionals. Just check the numbers.
MAC to offer originations software outside network
Mortgage Alliance is now targeting unaffiliated brokers as potential customers for its proprietary originations software, MortgageBOSS.
Alberta broker raises alarm about conservative appraisals
A seasoned Alberta broker is pointing to increasingly “low valuations” since new mortgage rules were ushered in, concerned appraisers for default insurers have gotten ahead of themselves and any future correction in the housing market.
Prince George brokers defy CMHC projections
Brokers in sleepy little Prince George say they’re poised to significantly better originations this year even as their big-city counterparts in Vancouver enter a slowdown and the CMHC forecasts an 8 per cent sales slide for the northern hub.
Security Breach: What brokers are doing to guard their clients' privacy
In the wake of client privacy breaches of mortgage brokers a few years ago, the industry has improved security measures. John Tenpenny found out what some brokerages and brokers are doing to ensure the personal information of mortgage broker clients isn’t compromised
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
Fed gov't discussing new restrictive condo mortgage laws
The federal government is focusing on new ways to limit qualifying for mortgage loans on condominiums, according to the Financial Post.
Mortgage Alliance launches new broker software
Mortgage Alliance launched MortgageBOSS V2, the second version of its broker software, three years after the first system debuted in November 2007.
RightMortgage hits $3 billion mark
In just 36 months Mortgage Alliance’s RightMortgage® product, which allows consumers “customize” their mortgages, has topped $3 billion in mortgage origination.