Verico news

  • Underwriter's background paves the way?

    Do you know where your dedicated underwriter comes from? It could in fact make a difference, argues one broker pointing to the benefits of dealing with former employee of a mortgage insurer.

  • Monolines best banks once again, say brokers

    While banks increasingly position themselves as the only real solution for new immigrants seeking mortgages, brokers still believe monolines offer the most competitive options for new Canadians.

  • Brokers to Jim Flaherty: Don't get any ideas...

    Brokers warn the federal government not to read too much into the July spike in home sales, specifically the 9.4 per cent rise highlighted in the latest Canadian Real Estate Associate (CREA) report.

  • Are mortgage brokers approachable?

    Mortgage brokers are increasingly keen to hang onto their reputation as the “friendliest” financial services experts around, with community involvement still the preferred way to meet that objective.

  • What if anything could you do?

    The developer behind the Trump tower in Toronto has yet to close on 201 hotel-suites bought by investors who are unable to secure mortgages. The dilemma begs this question: What could you do for such a client?

  • Brokers: New MonCana will better the banks

    Brokers are weighing in on the acquisition of MonCana by Canadian First Financial and while opinions diverge many laud the deal as a way to better compete with the banks.

  • Which broker lender will feel the CMHC pinch?

    Brokers are already positing their own theories on which lenders will be hardest hit by CMHC’s move to cap access to government guarantees for securitized mortgages.

  • Brokers applaud ATB rate move

    Alberta lender ATB Financial has ended its practice of discounting posted rates – welcomed news for brokers who view artificially high rates as confusing for clients.

  • Victoria market recovering after a brutal 2012

    Vancouver Island brokers vividly remember the wasteland that was the mortgage landscape in Victoria, following the tightening of the amortization rules in July of 2012 – the summer of damage control.

  • Mortgage pie keeps getting smaller: brokers

    The announcement Mortgage Architects has now acquired Argentum is strong indication the mortgage pie is getting smaller, and more mergers and acquisitions are on the horizon, say brokers.