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.
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.
Haditaghi explains CEO search
Company founder Alex Haditaghi personally identified Ron Swift as the man to lead Pacific Mortgage Group to the “next level” as far back as eight months ago, he told MortgageBrokerNews.ca, with his decision to step down from the CEO post, in fact, ending a year-long search.
Swift takes over from Haditaghi
Ron Swift is moving into the captain’s chair of Pacific Mortgage Group, leaving lender MCAP.
Trainer: Industry not doing enough to attract talent
Enrolment numbers for a program focused on training new agents may be a wakeup call for an industry fighting to grow market share, said its developer.
Broker: Time for channel to help subprime orphans
Broker channel associations and lenders must lobby government on behalf of homeowners effectively orphaned by fleeing subprime lenders and blocked from switching to A lenders because of the new refi rules, said a mortgage professional grappling to keep borrowers in their homes.