Mortgage Brokernews

Latest Comments

• Catherine 2018-08-21 9:52:50 AM I am securities educated, designated, and have a lengthy career in investments BEFORE becoming a Broker (13 years brokering F/T) and I was dead against this! I strongly agree that Mortgage Brokers need not blur the lines on these. When presented this at a dog & pony show I asked the simple question, in a room of about 30 peers, what is my liability here? Mouth full of marbles was the response. I warned broker colleagues to stay out of this space and some did not listen.

• Kevin R 2018-08-19 3:33:51 PM @ Kelly: Huh??? Most renewals are from 5 year closed terms expiring, so funded prior to 2016 & therefore B20 rules have nothing to do with the qualification, these people are grandfathered & qualified at the old rules. This is all about pricing & whether the mortgage was already insured at time of origination or if not, what the current LTV is.

• 2018-08-19 2:02:37 PM What a Nice gift to the major banks!!!!

• Kelly Rowe 2018-08-16 1:39:35 PM I think that it has everything to do with B-20. Most renewal or refi business I have done this past year have for the most part gone right to a credit union that is not following the B-20. I believe the federal government got exactly what they wanted and that was there Buddies, the Big 5 Banks got to keep their business because that business for the most part does not qualify to be moved..

• Charlesmenon 2018-08-16 9:09:40 AM Hii everyone...Have you used this new mortgage calculator for realtors??? Can you tell me the difference between it,s Lite & Pro version???