Choosing a broker pays $100,000
There is poetic justice in a woman winning $100,000 from the brokerage that secured her mortgage from the bank that originally turned her down.
Search for the best rate stressful, poll reveals
An ING survey suggests 59 per cent of Canadians find negotiating for the best rate the most stressful part of obtaining a mortgage – ironically, results that provide support for the mortgage brokers ING has now left behind.
CAAMP media crusade continues
CAAMP’s CEO Jim Murphy has taken his crusade for regulatory change to the airwaves and television, beating the drum for an easing of restrictions on first-time homebuyers.
Bleak 2013, better 2014 predicted for resales
CREA’s resale housing forecast is rather bleak for 2013 – but promises great things for 2014.
CREA numbers reflect a February slump
The February slump was felt nationwide, as CREA’s February home price index sales numbers edged back down 2.1 per cent compared to January, with actual activity plummeting 15.8 per cent compared to February 2012.
Low rates, B lenders feed broker success
A faith in rates and a thriving B lender channel is keeping a good slice of the pie available to mortgage brokers, says Joe Walsh.
B.C.’s unwelcome April Fool’s joke
The switch back to GST and PST has been months of headaches for B.C. brokers, and an unwelcome brake on new home buyers waiting for the April 1 deadline, says Brent Morgan.
170,000 potential plaintiffs in class action suit
If the class action suit against three broker channel players gets the go ahead, the potential number of plaintiffs could soar about 150,000, says the lawyer handling the case.
Renewals: a battle brokers can’t win?
The battle for renewals is a fight that brokers are gonna lose, says a leading mortgage broker.
Brokers are choosing prime time
Surprising poll results show brokers are still able to satisfy the majority of stated-income clients at prime lenders, despite tighter mortgage and underwriting regulations introduced last July.