The number of Vancouver brokers taking a second job outside the mortgage biz is on the upswing, say seasoned professionals, as the competition for a falling number of originations heats up and newbies find themselves without the established portfolios needed to grow referrals and refinances.
There's strong indication new mortgage rules have begun to cull the number of “habitual refinancers” said one 20-year veteran of the broker industry, suggesting a spike in the number of forced listings should soon follow.
Brokers are finally seeing a change in consumer appetite for risk after the second chop to fixed rates in two weeks.
A broker working Whitehorse and other Territorial hot spots is blaming a whopping 30-per cent drop in originations on the growing reluctance of channel lenders, the increasing dominance of the big banks and the population’s transient nature.
A new CAAMP poll suggests that brokers are at best maintaining their share of Canada’s mortgage business and at worst…
A radio ad for a leading Ottawa brokerage is stirring leads but also controversy with its subtle jab at the competition – other brokerages included.
Winners at the 2011 Canadian Mortgage Awards cut a wide swath across the industry, with Albertans leading the charge against Ontario dominance at the ICICI Bank-sponsored event.
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.
A growing number of real estate agents are taking out mortgage broker licenses -- a way of better guiding clients and protecting property deals increasingly susceptible to financial turbulence.
Controversial statements from another RBC mortgage specialist have now resurfaced – again in B.C. and again attracting broker ire.