Investors were allegedly defrauded through exaggerated property values and non-qualifying investments
Industry players are calling for CAAMP to demand a retraction from CBC, following a segment that painted brokers and monolines with the same brush as high interest “shadow” lenders.
Now may be the time for your clients to strike, with one big bank arguing mortgage rates are as low as they will go.
A key partner for mortgage brokers is asking them to help protect aging clients from a growing phenomenon – one with the potential to compromise financial security.
The days of jack-of-all-trades brokering are gone. It’s time to master specialization.
Brokers are scratching their heads after a CBC radio program about mortgages appeared to lump monolines and brokers together with shadow lenders.
CAAMP has been criticized by broker members for years for publishing ads commending the skills of AMP brokers specifically, and a new national campaign expands that message; but that doesn’t mean it’s done with its AMP-focused campaigns.
One bank that prides itself in being 100 per cent Canadian owned has recently acquired an Alberta financial institution to increase its reach in the Edmonton area.
The current economic climate is expected to draw a number of one type of client, but it isn’t the kind brokers will cash in on.
It's one thing to read about the ever-increasing housing prices in Toronto; it's another to see a side-by-side comparison of how key neighbourhoods have been transformed in very little time.
When was the last time you popped in to your local real estate office and explained the niceties of prepping potential homebuyers for alternative lending? For one broker, it is a chat that can not only build relationships, but a book of clients.