Street Capital takes bank charter route
Mortgage brokers can still count on the Street Capital products that they have been using for years even if the the mono-line`s application for a Schedule 1 bank gets approved, according to the lender.
Keep calm and broker on
Here, according to leading broker network execs, is what the new mortgage rules mean for mortgage professionals
Brokers embrace an old friend
Hello, old friend? That new LTV cap on refis will inevitably increase the number of A clients seeking private second mortgages, says one broker specialist. It will also increase the need for broker vigilance.
Flaherty: No more rule changes ...
Phew? Brokers heard it just before Jim Flaherty moved to change the mortgage rules, but the finance head is once again suggesting no more tinkering is on the agenda.
Broker: Don't rule out more mortgage rule changes
A leading B.C. broker is suggesting it would fall to the government to again tighten mortgage rules in order to limit the number of at-risk Canadians taking on new housing debt, arguing the Central Bank’s hands are effectively tied.
Brokers welcome freeze on mortgage rule changes
Finance Minister Jim Flaherty is offering brokers a respite from any new mortgage rule changes like those introduced in March, suggesting he’s happy with slowing demand stemming from those spring amendments.
Broker: ‘Habitual refinancers’ facing forced listings
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.
Broker: Clients now suffering collateral damage from collateral mortgages
Broker fears that growth in collateral mortgages could darken their business horizons have come true, said one broker, pointing to his own impaired capacity to service clients.
2011: The Road Ahead
Consumer awareness and confidence in brokers, broker-lender relationships and the threat from government of more mortgage rules are some of the issues John Tenpenny heard about when talking with prominent industry members
DLC president bends the ear of Finance Minister
Dominion Lending Centres president Gary Mauris was one of the participants Wednesday at a pre-budget consultation held in Regina by Finance Minister Jim Flaherty. The following is a summary of the day, submitted by Mauris.