Broker news TV

Broker news TV brings you closer to the industry's most influential leaders and thinkers. Click on the videos below to watch the interviews:

Showing 82 - 88 of 88

The Big Story: At The Mortgage Summit

More than 500 of the industry's best attended the two-day Mortgage Summit in Toronto, which was focused on giving brokers the tools, the insights and the knowledge they need in this dynamic market. That was the collective message of more than 40 speakers on two stages. Find out on today’s The Big Story, on MortgageBrokerNews.ca TV, your home for industry news, opinion and analysis.

Video transcript below:

 
John Tenpenny, Editor, CMP
John Tenpenny:  Brokers, lenders, service providers together.  Hi, I’m John Tenpenny and welcome to the Big Story, live from the fora of the first ever CMP Mortgage Summit.
 
There are more than 500 of the industry’s best here at this 2 day conference, focused on giving brokers the tools, the insights and the knowledge they need in this dynamic market.  That’s the collective message from more than 40 speakers on two stages.
 
Tom Trenouth, Home Trust
Tom Trenouth:  Well this year Hometrust is proud to be a lead sponsor, the title sponsor out of the CMP and we feel that since we are a broker friendly company, we deal with specifically the mortgage brokers across Canada, this is a great venue for us to showcase our products and services and support the broker community in Canada.
 
John Tenpenny:  But brokers are also taking the opportunity to network, as laws has learned from more than 20 panels focused on everything from collateral charges to tougher federal lending guidelines.
 
Jacquie Carstensen, Delegate, Mortgage Architects
Jacquie Carstensen:  Definitely I think keeping a pulse on what’s going on in our workplace, in our environment, in the lending world, in the mortgage industry in particular and of course you know seeing some old friends, it’s always good, you know, we all get to collaborate in one location and we don’t often get to you know connect in person.
 
Harry Singh, Equitable Trust Company
Harry Singh:  This event is, it’s a huge opportunity for mortgage brokers, specially those who are starting out in the industry brand new.  It gives them an opportunity to meet with not only lenders but lawyers, real estate developers, so it gives them a comprehensive view of what the industry is all about, plus they get to learn sort of the latest trends, latest issues that are impacting mortgage brokers, experienced ones or brand new ones.  So it’s a tremendous educational opportunity for seasoned brokers as well as brand new brokers.
 
John Tenpenny:  But the event is also about honouring broker channel contribution with the Canadian Mortgage Awards.
 
Karen Gibbard, Mortgage Broker of the Year
Karen Gibbard:  It feels incredible to have won.  I feel like I am with some of the top people in the industry and I am just incredibly honoured.
 
Gary Mauris, Dominion Lending Centres, Broker Network of the Year
Gary Mauris:  Incredibly proud of the industry, because I am seeing the industry finally catch up as well and start to do a better job communicating directly which we are messaging to the consumers.  So I think it’s a very bright future for us.  I think we got to be careful, I think we have got to make sure we are committed to be in focus and delivering that expert unbiased advice, but I think we are definitely moving in the right direction.
 
Ron Swift, Lifetime Achievement
Ron Swift:  I am as excited about the industry as I’ve ever been.  I think there is going to be lots of changes coming our way.  You know we are seeing it already and I just love the challenge of trying to figure out how to shape it, how to get advance of it and maybe there’s a way that we can make this whole industry that much better again.  So I am excited, there’s lots left to do.
  • The Big Story: Housing market snapshot The Big Story: Housing market snapshot (views 13772)

    It’s been an ongoing debate for a while now. Housing bubble – no housing bubble. The latest numbers support the idea that the Canadian housing market will have a soft landing in 2012. In January, CREA reported that sales activity was down for the first time since August of 2011, while prices increased by a modest two per cent year-over-year. Forecasts for economic and job growth going forward vary widely for different parts of the country, meaning some markets may soften while others pick up. For experienced brokers, continuing to work with Realtor partners may be one key to surviving any drop-off in the market. As well, people will continue to buy, refinance and renew. So regardless of what the market may or may not do, brokers need to continue to show clients why brokers are an integral part of the home-buying purchase. On today’s Big Story, we spoke to mortgage broker Paula Roberts and mortgage agent Dena Kakaletris of The Roberts Group-Dominion Lending Centres. Find out on today’s

  • The Big Story: Amortization again? The Big Story: Amortization again? (views 16563)

    It’s becoming a broken record. Consumer debt levels rise and there are calls for the government to tighten mortgage lending. The latest rumour involves the lowering of the maximum amortization from 30 to 25 years. Many brokers disagree with the idea, suggesting 30-year amortizations are largely used to free up cash each month, money often better spent paying down high-interest debt. In addition to amortization rumours, some lenders have recently cut or altered their products for business for self and new immigrants. Some brokers think this may be short-sighted, while others say the industry will adapt, like it has always done. On today’s Big Story, we spoke to James Robinson of The Mortgage Centre-Mortgage Watch Inc., John Panagakos of Dominion Lending Centres-Home Financial Inc. and David Smith of Oriana Financial. Find out on today’s The Big Story, on MortgageBrokerNews.ca TV, your home for industry news, opinion and analysis.

  • The Big Story: Fighting 2.99 The Big Story: Fighting 2.99 (views 18207)

    It might have seemed like the end of the world: A competitor offering an unmatchable 2.99 per cent on a five-year fixed. Brokers were understandably concerned about the pressure it would place on them to match the historic low. In the end, it actually helped drive business for brokers, as some reported a relatively brisk demand from preapproved and new clients. MortgageBrokerNewsTV recently spoke to mortgage professionals James Robinson of The Mortgage Centre-Mortgage Watch Inc., John Panagakos of Dominion Lending Centres-Home Financial Inc., and David Smith at Oriana Financial to get their analysis Find out on MortgageBrokerNewsTV, your home for the industry’s best news, opinion and analysis

  • Brokers positive about year ahead Brokers positive about year ahead (views 19976)

    2012 is sure to be another year of challenges for mortgage brokers as they face a flat real estate market, international economic uncertainty and increased pressue from banks and the accompanying low rates. MortgageBrokerNewsTV recently spoke to some brokers at the Mortgage Alliance 2012 Kick-Off Rally in Toronto, including Dan Balfour, Lisette Amalfi, Scott Ede, and Walter and Karen Monteiro to find out how they're going to meet these industry challenges head-on. Find out on MortgageBrokerNewsTV, your home for the industry’s best news, opinion and analysis.

  • Broker Panel: Part III Broker Panel: Part III (views 14502)

    The trend towards efficiency in the industry is one that everyone has an opinion on. It’s just one of the issues in the broker/lender relationship, which drives the industry. In Part III of MortgageBrokerNewsTV’s broker panel, our group of experienced and successful brokers from across the country share their thoughts on this topic, as well as other, such as volume pooling and the broker/underwriter relationship, which has seen much debate in the industry over the past year. In the coming weeks the panel will touch on other mortgage industry hot-button issues. Find out on MortgageBrokerNewsTV, your home for the industry’s best news, opinion and analysis.

  • Industry leaders chart challenges of 2012 Industry leaders chart challenges of 2012 (views 16579)

    The past year has been a challenging one for brokers and the mortgage industry and it’s not going to let up in 2012. MortgageBrokerNewsTV recently spoke with some industry leaders to discuss what those challenges facing brokers and lenders are and how they might meet these challenges in the coming year. For brokers, increasing market share in the face of bank competition, a cooling housing market and trying to stay the course amidst economic uncertainty is just some of what awaits. For lenders, issues such as access to capital and potential regulatory changes around non-income qualified lending will be high on the list moving forward. On today’s Big Story, we spoke to Ron Swift of Pacific Mortgage Group, Andrew Moor of Equitable Trust and Martin Reid of Home Trust. Find out on today’s The Big Story, on MortgageBrokerNews.ca TV, your home for industry news, opinion and analysis.