Happy New Year, BFS clients
Ottawa's move to increase by $50-billion the amount of residential mortgages it will back through Genworth and Canada Guaranty may ultimately accrue to the benefit of alternative clients, suggest some brokers.
Broker: Tough training for tough times
A brokerage owner wants peers to give the gift of tough love to agents next year, asking them to institute his brand of no-nonsense training – one that demands full and very punctual participation.
MA welcomes $200m brokerage
Mortgage Architects is the latest to welcome a high-volume team.
Act review looks at road rep licensing
That review of B.C.’s broker legislation includes a look at whether mortgage specialists should be rolled into the regs, effectively holding their feet to the fire alongside channel competitors.
Bank earnings climb with new originations approach
National Bank's plans to bump up originations through "branch and mobile" forces doesn't appear to have hurt it in the short term, with the lender counting a 14-per cent hike in residential volumes for Q4.
Alberta brokers opt for alternative complaint resolution
The Real Estate Council of Alberta is pleased with the progress of a voluntary resolution process for minor consumer complaints against brokers, which the council launched a little over a year ago.
Slow November suggests 'cold' winter for brokers
National home sales fell 12 per cent last month, compared to November 2011, according to new stats, suggesting brokers across most of the country face a colder winter than last year's hot market.
Brokers to double down on databases, refis, social net for 2013
Brokers are looking to double their efforts in mining client databases, experimenting with social media and chasing refi business to ring in more revenues in 2013 even as the housing market continues to cool down.
CAAMP lobbies on
Fresh from meeting senior officials in Ottawa, CAAMP's leadership this week promised to continue lobbying the government during its pre-budget consultations.
Borrowers reminded of flexibility amid fixed-rate fever
Outgoing Bank of Canada Governor Mark Carney may be delighted that consumers are heeding his warnings and have been flocking to fixed-rate mortgages in record numbers, but one broker is advising borrowers to pick shorter term mortgages because they offer greater flexibility.