CMHC sees moderate slowdown for 2013
On the heels of a bank report predicting a significant slump, the CMHC now foresees only a “moderate slowdown” in the housing market for the rest of this year and next.
All bets are on - Brokers anticipate survey results
A dwindling number of lenders and the need for more competitive rates will emerge as the two greatest concerns for brokers, argue mortgage professionals anticipating the results of the industry's most influential survey.
Housing starts come to a halt
A slowdown in Canada's real estate market may be closer than many brokers think, with housing starts falling more than expected for July and as a result of declining condo construction.
Decade long slowdown for brokers: report
A new bank report is suggesting mortgage brokers may be in for an extended slowdown in the real estate market.
Brokers fret about possible ING sale
Mortgage brokers are worried that one of Canada’s big five banks might snap up ING Direct – its parent company now announcing the review of “strategic options” to sell the broker channel lender.
FirstLine raises First National originations
First National saw originations skyrocket in the second quarter, rising 48 per cent from the year-ago period – something it chalks up to FirstLine`s departure.
Answering the call
In an ever-increasingly complex industry, broker Nera Emmanuel has built her business upon simple things such as returning phone calls and staying in touch with clients
Banks keeps clear of rate wars
Banks are avoiding what appears to be a looming rate war by sticking to five-year fixed rates at or around 3.09 per cent even as other lenders race toward 2.84 per cent.
Bank dissatisfaction benefits brokers
It’s one bit of news brokers are likely to capitalize on, with a new study suggesting customer satisfaction with the Big Five – from their mortgages to their rising fees to their brands – is on the decline.
Brokers laud MCAP’s hands-off approach to RMG
Brokers are applauding what appears to be MCAP’s decision to put its money where its mouth is – the lender adopting a largely hands-off approach to RMG’s product lineup and features that deviate from its own.