Latest news

  • Plan is set to have Equity Financial's CEO reinstated

    Smoothwater Capital will participate in a special shareholders meeting for Equity Financial Trust in March with the intention of removing seven of its nine directors and appointing three new ones – including recently ousted Nick Kyprianou.

  • CMA's customer service award sponsor speaks out

    Customer service is a crucial aspect of mortgage brokering and the upcoming Canadian Mortgage Awards will reward the individual office who best exemplifies outstanding customer service.

  • Home Trust enters direct-to-consumer space

    A major broker channel player announced Thursday that it is entering the direct-to-consumer space – under a new brand -- with consumer deposit products, including savings accounts and GICs.

  • Broker's guide to winter weather and its effect on business

    MortgageBrokerNews.ca has tailored this winter’s weather forecast for brokers; what kind of effect will it have on business in Canada’s unique markets?

  • Canadians bolster housing market to five-year high

    An especially expensive year for houses doesn't seem to have hampered broker business, with a new study suggesting 2013 will close with prices -- and, indeed, sales -- eclipsing a five-year high.

  • Broker Lifestyle Survey results revealed

    Do more brokers have their mortgages with a bank or a monoline?

  • Fired mortgage specialists not welcome in broker channel?

    Debate has ensued about whether the broker channel should welcome laid off-bank employees, with some brokers believing those who failed to make the cut there will make second-rate agents here.

  • Another brokerage lands former bank bigwig

    Mortgage Alliance isn't the only brokerage to land a huge catch from the big bank pond, with another major player now reporting its own coup courtesy of RBC.

  • BMO backtracks on bold claim

    Has BMO been forced to eat its own words? That’s how brokers are interpreting the bank’s recent decision to cut hundreds of jobs considering only last year it said an increase in mortgage specialists was the best way of growing market share.

  • Broker fears CMHC downsize

    While brokers doubt the ability of Canada’s independent mortgage insurers to pick up the slack if the government downsizes CMHC’s mandate, they’re much more certain about the kind of effect that move would have on their business.