Verico news

  • 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.

  • Real estate regulations a model for mortgage sector, says broker

    Ontario’s mortgage broker act could take a clue from the real estate sector, suggest brokers, who feel beefing up licensing requirements and improving enforcement can only benefit them.

  • PropertyGuys.com mixing realty and mortgages

    A leading for-sale-by-owner realty has announced new franchises in the Vancouver Delta specifically focused on leveraging the power of existing mortgage businesses.

  • Loyalty agreements 'embarrassing' for brokers

    There is more talk of loyalty and exclusivity agreements in the channel – but most mortgage brokers refuse to handcuff clients with a piece of legal paper, and doubt it will become common practice.

  • Could higher rates have same effect here?

    Brokers doubt higher interest rates here will have the same effect as in the U.S., where potential homebuyers are backing off in greater numbers.

  • The real threat to market recovery

    Recent real estate numbers show a stabilizing market in Toronto and Vancouver, but one broker wonders if this recovery can sustain itself in the face of rising rates, and, more especially, OSFI’s tighter guidelines.