A mortgage professional and a lawyer present their reasons for why this controversial product should or shouldn’t be peddled by mortgage professionals
Despite a summer housing market surge, home sale activity slowed in December – sparking a trend back to moderation that is expected to carry into 2014.
One broker believes the banks are intentionally pulling the wool over customers’ eyes and is calling for a specific client signoff on collateral mortgages and not just at the time of signing.
Brokers may not buy into Realtor optimism, with two industry players taking to MortgageBrokerNews.ca’s comments section to air their fears of the impending B-21 guidelines.
One lender is making it easier for brokers in Manitoba and Saskatchewan who have resolved to do more trailer fee-driven deals by expanding into the Prairie Provinces in 2014.
Newly released court documents -- alleging a former senator committed mortgage fraud on a home he billed Senate expenses for -- serve as a cautionary tale for brokers.
The company that some brokers consider the industry’s first “broker-owned bank” has been given a new identity, marking the next step in establishing its brand in Canada.
A lender in the UK has established a mortgage product specifically tailored to contract employees, which has Canadian brokers clamouring for something similar here.
It depends how much stock you put in Realtor forecasts, but a new market survey suggests brokers have little to fear from the federal government this year, despite continuing rumour to the contrary.
A key broker lender in the A-space is now saying competition in that realm is part of the reason it has moved to focus on Alt-A lending.
Just before Christmas, Joe Manzaneres, an American Re/Max realtor decided to sponsor a homeless man by paying him to hold up a sign in the hopes of drumming up business.