Leading brokers discuss loyalty agreements
Leading brokers discussed MortgagBrokerNews.ca’s latest Big Story at their weekly Canadian Mortgage Hangout and opinions diverged when it comes to loyalty agreements; an issue moderator Jackson Middleton considered “contentious… with a lot of different opinions”.
Brokers react to National Bank compensation changes
National Bank announced changes to the compensation structure of its broker services this week and broker opinions diverge among those who say they won’t be affected and those who feel it will impact their decision to use the bank’s services.
Canada’s Top 100 investor neighbourhoods revealed
For brokers looking to encourage their property investor clients into the marketplace, this may be the tool you need.
Flaherty threatens action
Finance Minister Jim Flaherty says he will step in to intervene once more if the housing market appears to move toward a bubble.
Expert panelists eye future rate climbs
It’s by no means over and the fat lady hasn’t sung. Mortgage rates will indeed continue to climb headed into October, argues an expert panel assembled by RateSupermarket.ca.
Poll: Industry reacts to broker-owned bank
A poll asking brokers whether they’re more inclined to send a deal to a new “broker-owned bank” than an existing lender partner had a quarter of respondents answering “yes” even before receiving any details.
Bond yields spark another round of rate hikes
The five-year bond yield hit a four-year high Thursday, rising 4.18 per cent to 2.15 and signalling a coming interest rate hike, report brokers.
Female brokers build homes for needy
Habitat for Humanity’s “Women build” takes place over 11 days as 1,000 women -- including several from Verico Premier Mortgage Centre – do their part to build homes for the less fortunate.
CMP Brokers on Lenders teaser
Early results from CMP’s Brokers on Lenders survey prove that with the ever-tightening underwriting, brokers are having to rely more and more on Alt-A and B deals as fewer clients now qualify for prime.
Lender mergers: Good or bad?
Brokers are feeling uneasy with the number of mergers taking place in the industry recently, voicing concerns that a shrinking pool of lenders may nullify their competitive advantage.