Mortgage Intelligence news

  • Call centre competing with brokers?

    One network’s plans to use a rate site to drive business to its call centres – with an eye to passing it along to its members – may be short-sighted, said one leading mortgage professional.

  • Scotia to brokers: commission cut is 'growth opportunity'

    Brokers are scratching their heads over comments from a Scotia exec suggesting they view the commission cut as “a growth opportunity."

  • Downside of low rates present opportunity

    The low-interest-rate environment enticing many homeowners to switch mortgages is a perfect opportunity for brokers to coach their clients on how to avoid steep penalties.

  • Market distorts broker 'seasons'

    The current housing market has thrown the longstanding broker calendar out of whack, charge mortgage professionals grappling with the disruption.

  • 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.

  • Posted rates set to maximize IRD

    There’s a very good reason why some banks continue to advertise unusually high posted rates, argue some brokers, even as other lenders move to slash theirs to the point of precipitating a rate war.

  • Gold boom dulls market for brokers

    Northern Ontario’s booming mining industry is in many cases hampering business for mortgage brokers, forced to focus on refis as a scarcity of houses and startling price gains reduce the number of new purchases.

  • BMO offers brokers some good news ... sort of

    BMO Economics have predicted the central bank will hold interest rates until July 2013, which may be good news for brokers.

  • Brokers anticipate Flaherty’s next move

    What will the government’s next move be if the new mortgage rules don’t result in a market slowdown? Brokers are taking some well-educated guesses.

  • New Blood

    Attracting new brokers is what will strengthen the industry going forward. CMP spoke to the six finalists for the Canadian Mortgage Award for Best Newcomer to get a sense of what motivates them and why they enjoy being a mortgage broker