Verico news

  • Calling trust in BoC into question

    The biggest news wasn’t the rate cut; it was the way in which the central bank implemented it – and what it may signify for future interest rates, according to one industry leader.

  • Brokers discuss the future of rates

    In what was described by one broker as “the most significant mortgage interest rate news in ten years,” the BoC’s surprise decision to axe its overnight rate target may have an unexpected effect on one type of mortgage product.

  • Brokers react to Coalition launch

    Brokers across the channel are welcoming the development of a coalition of independent brokers as a way of further deepening the marketplace.

  • ​Brokers weigh in on market share drop

    Broker market share has dropped year-over-year and some industry professionals believe regulations are to blame.

  • More layoffs to come?

    Expect more cuts to come, says one broker, following the announcement that one big bank has axed 1,500 jobs.

  • Brokers applaud proposed move by lender

    Brokers praise one industry player's dedication to the industry following a recent announcement that his institution is poised to make a big move.

  • Win/win for big bank?

    Following news that many lenders are fleeing the northern markets, one broker believes the latest bank to do so will benefit.

  • A tale of two brokering philosophies

    Conversation on MortgageBrokerNews.ca evolved from a discussion about underwriting exceptions to one about monolines vs. big banks and two brokers discussed their individual reasoning for supporting one or the other.

  • Broker calls for level playing field

    After reading about a perceived double standard in the mortgage industry, one industry player has called for more oversight for one particular group of professionals.

  • Penalties and transparency called into question

    Healthy debate ensued among brokers, following a story about one big bank’s IRD calculations and the penalties in charges, with several calling into question the transparency provided by some lenders.