Poll results: Brokers convert business on heels of increased competition
Opinion among brokers was divided about Investors Group’s recent rate promotion and just how good a deal it was for customers. We wanted cold, hard numbers, though, so we asked our readers how many were able to convert client inquiries into funded deals. Read on for the results.
Beating the banks is worth the fight: Brokers
Tightened lending regulations have made it tougher to fund deals but brokers are best served to put their noses to grindstone and work harder to find the right mortgage for their clients, according to two players.
Brokers must 'outsmart' banks
The key is to “outsmart” the big banks, according to one broker, following one institution’s ad campaign plugging its lowest five-year fixed rate in recent memory.
Brokers lambast IG offering
News broke Tuesday that Investors Group had launched an unprecedented mortgage product but brokers have already poked holes in the offering.
No such thing as 'employee pricing' mortgages?
The Royal Bank of Canada (RBC) made headlines Tuesday with its “employee pricing" mortgage offering but brokers are far from convinced that such a product exists.
Networks to crack down on brokers' side businesses?
The case of a recently deceased mortgage broker who is accused of committing fraud may trigger a shift among broker networks when it comes to allowing its brokers to operate independent MICs.
President of O'Leary Ventures offers explanation
MortgageBrokerNews.ca spoke with the president of O’Leary Ventures who explained the decision behind shutting the doors on O’Leary Mortgages.
Opinion divided following one client's mortgage denial
Opinion seems divided between incredulity and understanding among MortgageBrokerNews.ca readers after one broker’s deal was denied by a lender after disclosing his client’s pregnancy.
2.99 per cent lender revealed
The lender providing the latest 2.99 per cent five-year fixed rate has been revealed and the product, no way resembles, BMO’s controversial “no friller” that captured media headlines two years ago.
The 2.99 per cent five-year fixed is back
The rate that attracted Jim Flaherty’s scorn is back, with at least two mortgage brokers offering a 2.99 per cent five-year fixed rate mortgage.