Canadian First Financial gains bank status
First Financial's announcement of bank status lays the groundwork for the introduction of another broker lender.
Alberta mortgage regulations may include banking community
Alberta is ready to examine proposed changes to its broker regulations, and one proposal that is expected to meet resistance from the banking community is the question: What constitutes an individual broker?
CMHC registers first covered bond programs
The Canada Mortgage and Housing Corporation announced the registration of two covered bond programs, with CIBC and RBC coming on board to offer the first registered programs.
Brokers preparing to-do lists for FSCO
This week’s appointment of parliamentary assistant Steven Del Duca to oversee a five-year review of Ontario’s Mortgage Brokers Act has already spawned a slew of broker wish lists for what could and should be tweaked to better the industry.
The new $100K ceiling...
It’s now the unspoken rule of A lenders, charge brokers: BFS clients declaring income north of $100K are quite simply persona non-grata.
Will brokers and Realtors ever agree?
Brokers and Realtors are divided once again, this time over what if any impact a new plan to reduce Toronto’s land transfer tax will have on a slow real estate market.
Renewal time for brokers?
Counsel Corporation has seen its stock price double in less than a year – success that could be worth some attention by mortgage brokers, who are more focused on new volume than renewals.
RBC now raises special fixed rate
RBC is one again leading the push to higher fixed rates, taking its “special” 5 year rate to a hefty 3.69 per cent, effective Wednesday.
In-house referral partnership brings quality referrals
Brokers need to look beyond realtors when cultivating referral sources, says one broker, who is getting quality referrals from a financial planner.
Allow more lenders access to shadow banking, urges broker
Any move to help develop the shadow banking sector by the Bank of Canada would be welcome news for the industry, says one mortgage broker.