B-20 makes brokers ‘sexy’
B-20 formally came into full-effect this week, but some mortgage brokers report they have learned to live with the stricter underwriting guidelines from OSFI months ago and have even put a positive spin on it.
Why lenders are changing the rules
Verico's Colin Dreyer is offering his own analysis on why the lending landscape for brokers is changing and what if anything mortgage professionals have to worry about.
The Big Story: Doable diversification
Diversification may be on the lips of every broker in Canada, but actually accomplishing it takes more than talk, reports Jemima Codrington. It takes action.
BFS deals swamp brokers
The silver lining to tighter mortgage rules appears to be a spike in Alt A and BFS clients rejected by the banks.
Switching FirstLine clients given run-around
Brokers are worried that their FirstLine clients may be getting the run-around when they attempt to switch to any lender other than CIBC.
The Big Story: Who owns the 'Broker' name?
Misappropriation of 'broker' by road reps is raising industry ire and concerns that mortgage specialists are capitalizing on broker reputations.
Brokers to Associations: Stop road rep 'broker' use
Mortgage professionals are putting their associations on notice, insisting they use their clout to stop road reps from calling themselves “brokers.”
Keep calm and broker on
Here, according to leading broker network execs, is what the new mortgage rules mean for mortgage professionals
ING's broker days numbered, says vet
Brokers clinging to the notion that it will be business as usual with a Scotia-owned ING are facing certain disappointment because the popular discount banking brand is bound to disappear in Canada after 18 month, according to a seasoned mortgage professional.
Brokers: Cut pooling? Cut volume requirements
Fair is fair, says one seasoned mortgage professional: If lenders are bent on scrapping volume pooling, then, they must consider lowering their minimum volume requirements.