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.
Finalists for Canadian Mortgage Awards broker/brokerage categories announced
As the 2012 Canadian Mortgage Awards wind down on June 1, there may be some familiar names headed to the podium to accept the Broker, Brokerage and National Broker Network of the year awards.
Broker finalists named for Canadian Mortgage Awards
Ask any mortgage broker and they’ll say that they are proud to help people navigate the biggest purchase of their lives. They don’t do for the accolades, but sometimes it’s nice to be recognized for doing a good job.
Canadian Mortgage Awards names first group of finalists
It’s that time of year again – time for the finalists for the Canadian Mortgage Awards to be announced.