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.
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