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Brokers give gov't failing grade on mortgage policies: Poll

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Mortgage Broker News | 24 May 2012, 08:00 AM Agree 0
Despite the fact that the recent federal budget left mortgage regulations untouched, are brokers satisfied with how the government has handled the mortgage market?
  • Derek Rowley | 26 May 2012, 08:20 AM Agree 0
    Just a personal opinion but let me answer thgis with another question?

    What is the difference between say the federal Government and a rattle snake????

    Answer = The rattler will at least give you are warning before it strikes.
  • Broker, BC | 29 May 2012, 02:27 AM Agree 0
    Ummm... am I the only broker in Canada that actually sees that the need to requalify at renewal actually opens doors to the broker community? Auto Renewals scoop a LOT of business from our channel.

    So yes, there may be issues on renewlas for some, but that some is going to be a very small percentage of the population.

    Why is CAAMP stating that the banks ability to auto renew is good for mortgage brokers? Is Jim Murphy for real? I have been in the business for 32 years, I am fortunate that most of my clients do come back to me at renewal time. When I am at CAAMP or MBABC however I listen to broker complain all the time that they are challenged to compete with the banks at renewal time.

    So who does CAAMP represent again? OH wait, sorry forgot... lenders.
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