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.
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?