Stick to the issues CAAMP, broker urges
Another article in the Toronto Star has showered praise on mortgage brokers, but one broker feels his industry is being done a disservice with what he calls “PR pieces” by CAAMP, when instead it should be addressing real concerns in the channel such as REDX reports.
REDX addresses AMP questions
The company behind REDX is now answering a question CAAMP has been slow to, asserting the association does not directly file incident reports on brokers who drop the AMP designation.
Fraudsters head for commercial ground
A tough residential real estate market means fraudsters are on the move to commercial, writes Vernon Clement Jones, but should the buck stop with brokers?
Brokers win new market-tracking tool
Knowing neighbourhood demographics in detail – from homeowner movement to pricing on the street-by-street level – is a critical advantage for brokers and one a new index aims to provide them.
Another blow to commissions?
Numbers from Teranet-National Bank show a fifth consecutive month of decline for home prices nationwide -- arguably another blow to broker commissions.
Teranet, NAS tools to boost B 20 compliance
Brokers can look forward to faster risk assessment and valuation of loan applications they submit to lenders with the upcoming release of enhanced underwriting tools from online property search firm Teranet and appraisal management company National Appraisal Services that support OSFI’s new B20 guidelines.
Market points to slowing preapproval conversions
Despite a cooling real estate market, the average home price in Canada reached a record high in July -- not exactly good news for brokers itching to convert preapprovals.
Broker: TD shift to business lending a good thing
TD Bank’s plans to use a significant uptick in business lending to make up for a cooling mortgage market is garnering mixed – albeit positive – reaction from brokers and mono-line lenders.