TMG news

  • Broker: ‘Habitual refinancers’ facing forced listings

    There's strong indication new mortgage rules have begun to cull the number of “habitual refinancers” said one 20-year veteran of the broker industry, suggesting a spike in the number of forced listings should soon follow.

  • Prince George brokers defy CMHC projections

    Brokers in sleepy little Prince George say they’re poised to significantly better originations this year even as their big-city counterparts in Vancouver enter a slowdown and the CMHC forecasts an 8 per cent sales slide for the northern hub.

  • Broker: We’ve gained market share, not lost it!

    Buck up, brokers. By one industry veteran’s calculations, the channel has actually gained – not lost – key market share in the difficult years following the subprime collapse.

  • Winners announced at 2011 Canadian Mortgage Awards

    Winners at the 2011 Canadian Mortgage Awards cut a wide swath across the industry, with Albertans leading the charge against Ontario dominance at the ICICI Bank-sponsored event.

  • Canadian Mortgage Awards winners set to be announced

    The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.

  • Brokers disagree with poll suggesting young homebuyers deferring purchase

    More than half of young potential homebuyers in Canada think they are better off waiting until next year, according to a new survey, effectively contradicting broker observations.

  • MCAP going after the Big Five

    Mortgage lender MCAP is taking direct aim at the big banks, with bonuses for brokers bringing in clients who would otherwise renew or refinance with the Big Five.

  • Broker Network of the Year finalists announced

    This year’s Canadian Mortgage Awards will have some added excitement as the Mortgage Broker Network of the Year will be presented for the first time.

  • The rise and fall of mortgage rates

    Research released by the Bank of Canada Thursday, not surprisingly suggests that Canada’s largest banks are slow to pass on cuts in the Bank of Canada’s policy interest rate.

  • 2011: The Road Ahead

    Consumer awareness and confidence in brokers, broker-lender relationships and the threat from government of more mortgage rules are some of the issues John Tenpenny heard about when talking with prominent industry members