ING departure teaches hard lesson, say brokers
Now that ING has officially left the channel, brokers remember a company that was great to work with – but also one that has taught them a valuable lesson.
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.
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.
Agent: Re-licensing could cull broker numbers by 10%
Re-licensing requirements for Ontario could instantly decrease the number of mortgage professionals by as much as 10 per cent said a new agent, although the loss of young entrants discouraged by the slow economy and tight market may be a good thing.