Mortgage originations in British Columbia fell 26.5% in the third quarter of 2018 compared to the same period a year earlier
One seasoned broker is suggesting pressure from referral partners often leads inexperienced mortgage agents to skirt the margins and embellish income statements.
Tightened guidelines may be encouraging some mortgage professionals to take shortcuts, but that is no excuse say industry players reacting to Home Capital's move to suspend ties with several brokers
Exit plans for alternative clients are becoming increasingly important, as bundled mortgages become more prevalent
Brokers are increasingly comfortable recommending reverse mortgages; but the truth is, not every client should get a reverse mortgage
Industry players have been vindicated: the CBC has offered a sort of mea culpa for airing erroneous information about brokers and the lenders they work with
One superbroker has published an article that may help turn rate shoppers into ‘service shoppers’ – and convert bank clients to broker clients
Brokers are using their downtime this summer to fill the coffers of charitable organizations and increase the profile of the broker channel
It may be a small victory for brokers, but CMHC’s latest rule change is a welcome decision in an era of seemingly endless mortgage rule tightening.
One leading economist is warning that any more mortgage rule tightening would negatively impact the entire economy, following speculation that the Canadian government is considering more rule changes meant to cool the housing market.
An overwhelming number of applications for a scholarship funded by FCT is helping lift the industry’s profile at the same time paving the way for its further growth.