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.
Brokers: More mortgage rule changes may be necessary
A surprising number of brokers are echoing the sentiments of a leading bank economist, suggesting the government would and should ratchet down mortgage rules yet again – but only if consumer debt levels creep back up and only if they’re phased in.
Bob Ord returns to broker channel
He’s back... Mortgage industry veteran Bob Ord will now lead a newly-formed MIC – focusing on non-conforming residential lending.
And the Top 10 brokers are...
The top 10 brokers on this year’s CMP Top 50 Brokers list, really upped their game in 2010. Nine of them topped the $100-million mark, with the top three going over $200 million, including the No. 1 broker...
CMP Top 50 Brokers list announced
2010 was a good year for Canadian mortgage professionals. Just check the numbers.
myNext moves to fill Macquarie/Concentra funding gap
Lender myNext Mortgage Company is now extending its reach outside Mortgage Architects and MortgageBrokers.com to the rest of the broker channel, its CEO suggesting the move will help fill the funding gap left by two recent lender defections.
Brokers welcome freeze on mortgage rule changes
Finance Minister Jim Flaherty is offering brokers a respite from any new mortgage rule changes like those introduced in March, suggesting he’s happy with slowing demand stemming from those spring amendments.
Ord's contributions to MA 'recognized'
The president of Pacific Mortgage Group is publicly acknowledging the contributions of Mortgage Architects founder Bob Ord, at the same time expressing confidence in the team and corporate “culture” he left behind.
Pacific Mortgage Group riding high on Profit
One of the broker channel’s biggest players – Pacific Mortgage Group – is now looming large on the national scene, with PROFIT magazine naming it the second most rapidly expanding company in Canada.
Industry Veteran: Broker ranks will thin
A slowing, yet increasingly competitive Canadian market will not only cull the number of new entrants to the broker industry but thin the existing ranks by as much as 5 per cent, a veteran mortgage professional told MortgageBrokerNews.ca.