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 64 - 72 of 83

The future of private lending

According to New Haven Mortgage president and CEO and Mortgage Summit panelist David Vyner, the outlook for private lending may depend on proposed refinancing rules and their potential effect on home prices.

Video transcript below:

Mortgage Summit speaker, David Vyner discusses the outlook for private lenders.
David Vyner, President & CEO, New Haven Mortgage Corporation
David Vyner:  Well moving forward with the private lenders as we start seeing the tightening of the credit market, money markets and the fallout of the US, there’s been a, obviously there has been a change to the institutional lending where they have tightened up and with your self employed stated income features and it appears that it’s looking to get a little tighter CMHC starting to look at what the institutions will do.  
We are also hearing coming, which we will know soon on renewals, the banks, the institutions may have to re-underwrite that mortgage loan that’s coming up for maturity, for renewal rather and insofar as the borrowers, credit changing, history changing, job status that could result in a win-win perhaps or a lose-lose, it really depends which way we look at it.  We may have a whole onslaught of mortgages that are not being renewed, coming into the marketplace that may not be able to be renewed and a whole lot of housing stock coming out which may invariably shrink prices or value will come down maybe, if not slightly may plummet and oversupply in the marketplace.
On the flip side, from a private lender, the privates could step in and re-fi the mortgage, help the institution and help the borrower.  Now the question becomes, are we helping the borrower if the mortgage rate were to move from 3% to 8%.  Now we have probably another issue in affordability, which could cause some adverse conditions in the marketplace.  But going forward I believe there is still opportunity and there will always be opportunity for private lenders as the ship goes and the brokers that are dealing with private funds will keep going with the private funds and the brokers who do not have experience will gain experience and start move to the private lenders as well, so I believe.
  • The Big Story: Upping your entrepreneurship The Big Story: Upping your entrepreneurship (views 13778)

    Entrepreneurship for brokers: Brokers are schooled the ins and outs of putting together an application, but buildiing a business that separates them from the competition is often a self-taught lesson. Here's what they need to know.

  • The Big Story: Collateral charges The Big Story: Collateral charges (views 14863)

    Collateral charges: They're not going away, and brokers will have to adapt, say industry professionals, but are the banks going to make it easier to deal with those onerous mortgages?

  • The Big Story: Attracting new agents The Big Story: Attracting new agents (views 17233)

    Brokers have been hiring new agents from time immemorial, but new pressures around commission splits and training are adding to the challenge. At the CMP Mortgage Summit, The Big Story spoke to industry veterans Gord Dahlen, of Dominion Lending Centres, and Ron De Silva, from RMAI Financial Group for their take on the issue.

  • VIDEO: The 2012 Canadian Mortgage Awards VIDEO: The 2012 Canadian Mortgage Awards (views 17050)

    More than 500 of the industry's best were on hand in Toronto to honour their peers at the sixth annual Canadian Mortgage Awards at The Carlu. A Roarin' 20s theme was the backdrop as mortgage industry leaders were recognized for their achievements.

  • The Big Story: At The Mortgage Summit The Big Story: At The Mortgage Summit (views 14798)

    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 TV, your home for industry news, opinion and analysis.

  • Building a better broker-underwriter relationship Building a better broker-underwriter relationship (views 16084)

    Clear communication between brokers and lender underwriters is the key to ensuring a strong mutually beneficial relationship says Equity Financial Trust CEO and Mortgage Summit panelist Nick Kyprianou.

  • B-side opportunity B-side opportunity (views 14265)

    The increasing amount of B business available is one way for brokers to improve their bottom line, says Home Trust executive and Mortgage Summit panelist Agostino Tuzi.

  • Being more competitive Being more competitive (views 14184)

    The mortgage origination market is only going to become more competitive, says Top 50 Broker and Mortgage Summit panelist Calum Ross, and brokers who don't invest in themselves in order to differentiate their business might not be around for long.

  • Getting SYNCED at The Summit Getting SYNCED at The Summit (views 13095)

    One of the benefits for brokers of attending conferences is the opportunity to meet with others in the industry. With this in mind, Chris Davis, events and conference manager for KMI Publishing, talks about SYNCED a new meeting software being used at The Mortgage Summit to help brokers get the most out their time at Canada’s only independent business event for the Canadian mortgage brokering industry.