Brokers aren’t buying what one big bank is selling. But customers may be.
The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.
The Royal Bank of Canada is taking a page from auto dealers by offering “employee pricing” to home buyers, reports The Financial Post.
In its latest housing affordability report, the Royal Bank of Canada predicts interest rates will soon rise; putting housing affordability in many markets across the country in jeopardy. Should brokers expect an influx of business in the short-term?
Newly released court documents -- alleging a former senator committed mortgage fraud on a home he billed Senate expenses for -- serve as a cautionary tale for brokers.
Glenn Whitter is alleged by FSCO to have used online dating to borrow and lend on real estate properties without a license and faces nine counts of dealing in mortgages without a broker license, totalling 18 charges under Ontario's Mortgage Brokerages, Lenders and Administrators Act, 2006.
Mortgage Alliance isn't the only brokerage to land a huge catch from the big bank pond, with another major player now reporting its own coup courtesy of RBC.
The Royal Bank of Canada released its Housing Trends and Affordability report on Wednesday indicating slight deterioration of affordability across all Canadian regions; though not enough to create turmoil in the market.
Mortgage Alliance announced Monday a partnership with Personal Lending Solutions (PLS) aimed at making alternative lending more accessible to brokers.
Saskatchewan brokers are holding their breath on fears the province could see economic growth halved if potash prices sink in the wake of one producer’s move.