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.

  • Alberta Invis-MI brokers react to reported rift with TD

    Alberta mortgage professionals with one of the country’s biggest broker networks say they’re hoping for a speedy resolution to an apparent dispute with TD, resulting in their restricted access to the lender.

  • Brokers: Time for mono-lines to eat refi fees

    It’s increasingly apparent all mono-lines will have little choice but to cover legal and appraisal costs for refis, argue leading Toronto agents, billing it as essential to satisfying clients – now inundated with no-fee offers from the banks.