Flooding closes doors of Calgary lenders
Torrential rain and widespread flooding is wreaking havoc for Calgary lenders like Street Capital.
Grewal: brokering needs more BAs, BComs, BSc's...
The channel needs to actively reach out to colleges and universities to find better brokers – but also to convince those bright minds of the industry’s career potential – according to the head of one of the biggest monolines.
MERIX suspends 'stated income'
MERIX Financial is temporarily halting stated income lending – and for one broker, it suggests more monolines will do the same.
Street gets CMHC approval to securitize mortgages
The Canada Mortgage and Housing Corporation has now confirmed Street Capital as both an approved issuer of NHA mortgage-backed securities and a seller under the CMB – a dual designation set to help brokers, according to the lender.
Debt-servicing changes stir brokers
A move by two lenders to change their calculations on debt servicing ratios vis a vis unsecured lines of credit is raising broker eyebrows.
CMA winners defy rough market
The 8th-annual CMP Canadian Mortgage Awards went off with a bang at Toronto’s Liberty Grand Friday with over 600 attendees recognizing industry players who’ve soared above a turbulent real estate market
Street opens Calgary office in May
Street Capital is opening an underwriting centre in Calgary this May, expanding their network from Toronto and Vancouver.
Brokers to benefit from Street announcement, says Grewal
The decision by Street Capital’s parent company to dispose of its non-core business to concentrate on the mortgage lender is good news for brokers, Paul Grewal.
CMP releases complete list of nominees
CMP magazine is sharing all of candidates for the upcoming Canadian Mortgage Awards, the most exhaustive and representative list in the awards’ celebrated history.
Who will be Employer of Choice for 2013?
CMP magazine is revealing another list of finalists for the upcoming Canadian Mortgage Awards, featuring names as popular as they are professional.