Top-75 broker independent no longer
The highest producing Mortgage Broker, according to CMP’s top-75 list is independent no longer, with Jim Tourloukis heading back to his former network.
Who would really be the No. 1 broker?
Last year’s No.1 on the Top 75 Broker list removed himself from the running this time around but believes, contrary to growing speculation, he would come out on top even if the criteria were altered to focus on profitability.
How does Canada's Top Broker do it?
Canada’s top mortgage broker shares a few of his trade secrets on turning those ‘tire kickers’ into loyal, life-long clients.
CMHC's requiem for refis?
Refis through CMHC seem increasingly a thing of the past, with Q1 results pointing to an almost-70 per cent drop – a year-over-year decline dwarfing any dip in new mortgage volumes.
Tourloukis: Refi rule strands 'collateral' clients
Moving clients with high-ratio collateral mortgages is now virtually impossible given Flaherty’s mortgage rules changes, says one of Canada’s highest volume brokers, pointing to lender interpretation of refinancing limits.
The flammable four: key lender letdowns
Brokers are usually full of praise for lenders – well, sometimes – still they have four flaws guaranteed to spark broker ferocity, reports Don Horne
Lender maximum buydowns under the microscope
There’s growing debate among some brokers as to whether lenders should remove maximum buy-down restrictions and allow them -- and only them -- to decide just how low to go to retain a client.
Brokers referrals boost reverse mortgage growth
Increasing broker channel referrals are an important driver of reverse mortgage growth, according to HomeEquity Bank, now announcing an 18 per cent increase in originations for the third quarter.
Fed approve Birch Hill's purchase of HOMEQ
Brokers are hoping news the $138 million purchase of the country’s largest reverse mortgage provider will lead to new product develop aimed at the mortgage broker channel.
Realtors hiding behind MLS - brokers
Embrace change rather than fear it. That’s the message some mortgage brokers have for realtors feeling the pinch of the Competition Bureau’s efforts to loosen the real estate industry’s stranglehold on the Multiple Listing Service.