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.
Former MortgageBrokers.com prez lands new post
Dan Putnam -- president of the retired MortgageBrokers.com brand – has found a new challenge, heading a startup residential division for one of Canada’s leading commercial players.
Bob Ord: A trail of innovation
Bob Ord doesn’t mince words and he doesn’t often give interviews. Here’s an exception to the second and, thankfully, not the first.
Mortgage rules stress need for stress-testing
A survey suggesting a significant rate hike would challenge half of Canadian homeowners may be a wake-up call for brokers encouraging clients to max out preapprovals.
Reaching new heights
It’s a message that reverberated from one end of The Mortgage Summit to the other, with speaker after speaker calling on brokers to choose sides – are you focused on service or rates?
Refis bearing the brunt of 'appraisal alert'
With the maximum loan to value for refis reduced to 80 per cent, banks may be adding insult to injury with more conservative appraisals for refis, argue brokers.
The Big Story: At The Mortgage Summit
More than 500 of the industry's best attended the two-day Mortgage Summit in Toronto, which was focused on giving brokers the tools, the insights and the knowledge they need in this dynamic market. That was the collective message of more than 40 speakers on two stages. Find out on today’s The Big Story, on MortgageBrokerNews.ca TV, your home for industry news, opinion and analysis.
Broker channel clinches 4 spots on Profit 200
Broker Channel companies are all over the Profit 200 – with four of the industry’s highfliers winging their way to the top half of the list honouring Canada’s fastest growing companies.