Toronto brokers in tough
Brokers in Canada's largest market now have tangible proof of what they've long suspected, with the local Realtors association reporting a 15 per cent year-on-year decline in home sales for February, even as the average sales price rose 2 per cent over the same year-ago period.
Trailer fees require accountability
Lenders need to be held accountable for trailer fee commissions, and CAAMP is the body that should do it, says one B.C. broker.
Big banks are abusing their power
One leading broker is echoing Jim Flaherty’s concerns about bank irresponsibility, following BMO’s announced 2.99 rate on a 5-year-fixed mortgage Saturday, cautioning an abuse of the public trust.
Broker urges investment over trailer fees
The issue of trailer fees is once again sparking debate among brokers as they look to secure their financial futures in very insecure times.
Brokers back up rhetoric with business
New market share numbers suggest brokers are backing up their rhetoric about preferring to use monolines over the big banks as never before.
New monolines: The little engines that could
An explosive fourth quarter for two growing monolines suggests smaller non-bank lenders are increasingly the little engine that could.
FirstLine deals a blow to CIBC profits
CIBC’s decision to limit broker originations to its own network following the closure of FirstLine is now reflected in its bottom line, specifically its Q1 results.
Merix/Paradigm Quest wins new owner
Controlling interest in Merix Financial has been sold to a large international equity firm, the lender’s CEO Boris Bozic told MortgageBrokerNews.ca, also sharing the news with employees Thursday.
Worry over rule changes grows
It may be the understatement of the year, but early poll results suggest worries about the impact of last July’s rule changes continues to grow as the market slows.
B.C. brokers urge a rethink of planned MIC regs
MBABC is asking the securities commission to rethink how it will regulate MICs in B.C.