Latest news

  • Lawyers charge more for monoline files: Broker

    One broker is hoping lenders better streamline their documentation process after a number of law firms began charging clients more to deal with files that come from monolines than their bank counterparts.

  • B-21's down payment recommendations

    Brokers are likely breathing a sigh of relief following OSFI’s release of its B-21 guidelines Monday, with one of the only major changes being the office of the superintendent recommending stricter down payment requirements.

  • O'Leary's next reality TV venture?

    Kevin O’Leary left CBC’s Dragon’s Den. But it begs the question: What other reality show would be a good fit for the polarizing Canadian and former industry player?

  • OSFI releases B-21 draft

    The Office of the Superintendent of Financial Institutions (OSFI) released its Guideline B-21 Residential Mortgage Insurance Underwriting Practices and Procedures Monday, which include “six fundamental principles for sound mortgage insurance underwriting.”

  • How to prepare for upcoming anti-spam law

    A new anti-spam law – that will require express consent of newsletter subscribers – will come into effect July 1, 2014 and brokers who currently disseminate newsletters are scrambling to become compliant. One broker offers his tips.

  • President of O'Leary Ventures offers explanation spoke with the president of O’Leary Ventures who explained the decision behind shutting the doors on O’Leary Mortgages.

  • 'Gritty & gregarious, the fighter': Flaherty remembered

    Former Finance Minister Jim Flaherty's unpopular mortgage rule changes have been forgotten -- for now -- as brokers join the chorus of Canadians sharing their condolences following his death Thursday.

  • Underwriting leaving divorced buyers behind

    “The world is changing and underwriting isn’t,” according to one broker; especially when it comes to how lenders treat clients who are in the midst of a divorce.

  • Updated: Former Finance Minister Jim Flaherty passes away

    Former Finance Minister Jim Flaherty passed away Thursday. He died of a heart attack.

  • O'Leary Mortgages surrenders FSCO license

    Less than a year since its official launch, O’Leary Mortgages has surrendered its FSCO license effective March 31.