Broker considers loyalty agreement to stop client hemorrhaging
One broker tired of doing all the work and watching the client jump ship to a big bank matching rate is reigniting the debate on exclusivity agreements.
Keep calm and broker on
Here, according to leading broker network execs, is what the new mortgage rules mean for mortgage professionals
Brokers anticipate Flaherty’s next move
What will the government’s next move be if the new mortgage rules don’t result in a market slowdown? Brokers are taking some well-educated guesses.
Govt to lower amortization, LTV on refis ... again
The reprieve Canadian brokers thought they had is no longer, with the government confirming it will now lower the maximum amortization on an insured mortgage to 25 years and cap refinances at 80 per cent of a home's value.
Association prez goes another round
It may be a reflection of just how fluid times are for brokers, with the country’s largest provincial association extending the term of a sitting president by another 12 months.
AMBA & IMBA partnership aims to better market brokers
AMBA and IMBA have come together in a partnership to strengthen support and educational opportunities for their members – but also with the potential to better market mortgage brokers.
Brokers: Lenders, cut us some slack
A seasoned broker is encouraging channel lenders to relax their minimum volume requirements in the short-term, a way of helping an industry struggling to maintain originations even as the Canadian market cools.
Mortgage professionals say they’ve had enough of clients going to the bank, with broker commitment letters in hand. As Vernon Clement Jones finds out, a growing number are thinking exclusivity agreements will stop them in their tracks
Bozic weighs in on exclusivity agreements
A broker channel lender is endorsing the idea of client exclusivity agreements, arguing the time has come for an industry-wide discussion on those controversial but, perhaps, increasingly necessary contracts.
Broker frustration sparks debate on client exclusivity agreements
Exclusivity agreements: It’s a controversial idea, but one whose time may have come, with IMBA President Albert Collu kicking off an industry dialogue on contracts that would penalize clients for using brokers to get better rates at the banks.