10-year fixed increasingly easy and lucrative sell for brokers
Scotia has joined other lenders in presenting a special offer on 10-year fixed mortgages, widening the smiles on brokers now facing a surge in clients interested in longer terms as a hedge against the eventual spike in rates.
Brokers recruiting brokers
Mortgage Architects is using its high-flying brokers to recruit other brokers, allowing them to share their success stories in an increasingly competitive market for networks.
MA welcomes $200m brokerage
Mortgage Architects is the latest to welcome a high-volume team.
Borrowers not interested in bumping up line of credit
Initial interest on credit unions offering HELOCs with a higher LTV than what OSFI mandates appear to have died down as some brokers report that borrowers appear satisfied with current mortgage rates offered by banks and other lenders.
Is MortgageBrokerNews.ca nixing anonymous comments?
If you’re one of our many readers riled by anonymous comments on MortgageBusinessNews.ca, take cheer: a Conservative MP wants to outlaw the practice.
Brokers: Keep Emili
Any move away from automated valuation – and toward appraisers – could hurt clients, say brokers, anticipating fallout from a media report suggesting CMHC’s system inflates home prices.
Association beefs up membership
The country’s newest mortgage broker association has spent its first few weeks beefing up membership rolls, setting an ambitious target for its fast approaching first quarter.
myNext takes on new name
A rose by any other name is just as sweet, but does the same apply to a lender?
Kelly Neuber joins Invis/MI
Invis and Mortgage Intelligence announced that Kelly Neuber will be joining their senior management team as vice-president of marketing.
Murphy: Ontario could lose 1,830 brokers at re-licensing
Forget eight per cent.
CAAMP President Jim Murphy is suggesting Ontario could lose as much as 15 per cent of its brokers and agents with new re-licensing requirements, effectively erasing gains made since the last major cull.