First-timer bonus helps -- not hurts -- some brokers
A government bonus for new homebuyers – tied to new construction purchases – has worried B.C. brokers, but has ultimately proven “harmless,” say some industry players
Brokers seek greater transparency in lender guidelines
It's one issue likely to crop up again and again in the 2012 CMP Brokers on Lenders survey, but lenders should move now to correct it, say brokers calling for more specific guidelines and restrictions.
Realtors, a broker’s lifesaver?
Brokers might not want to hear it. But Realtor referrals may increasingly be a lifesaver as refis provide less and less safe harbour in this stormy market, say industry players.
Survey exposes gap in lender service areas
A broker ranking of lenders is likely to break down along regional lines, suggest mortgage professionals anticipating the results of this year`s CMP survey and pointing to a funding gap between big and small markets.
Brokers embrace an old friend
Hello, old friend? That new LTV cap on refis will inevitably increase the number of A clients seeking private second mortgages, says one broker specialist. It will also increase the need for broker vigilance.
Broker: there's an upside to employment downside
If there’s going to be a silver lining in slower-than-expected job growth, says one leading Toronto broker, it’ll be slower-than-expected rate hikes at the Bank of Canada.
First National drops 35-year ams
Brokers looking for 35-year amortizations on conventional mortgages for their clients have one less place to turn to with the announcement by the broker channel’s second-largest lender by market share that it is eliminating the product from its stable of offerings.
Brokers: More mortgage rule changes may be necessary
A surprising number of brokers are echoing the sentiments of a leading bank economist, suggesting the government would and should ratchet down mortgage rules yet again – but only if consumer debt levels creep back up and only if they’re phased in.
Broker: Gov't has left the refi building
New quarterly financials from CMHC are confirming the fears of many brokers, worried the government’s latest mortgage rule changes effectively signalled its exit from the refinance business, now down 40 per cent and expected to stay there.
CMP Top 50 Brokers list announced
2010 was a good year for Canadian mortgage professionals. Just check the numbers.