Syndicated equities have been erroneously sold as syndicated mortgages
Brokers are divided on whether they feel Finance Minister Jim Flaherty stepping down would benefit the mortgage industry, despite the finance minister’s history of instituting unpopular mortgage measures meant to cool the market.
The Canadian housing market is set for a potential 20 per cent correction over the next five years, according to the head of Canadian portfolio management for a global investment firm.
That didn't take long.
One major mortgage insurer wasted no time announcing its own premium changes, following CMHC’s major statement Friday.
The CMHC announcement Friday that it is raising its premiums may have allowed brokers to sigh in relief; at least for one, who feared much more intrusive changes from the Crown Corporation
One leading title insurer is noticing more cases of insurance fraud and a change in focus on the value of mortgages fraudsters are targeting.
The effects of CMHC’s premium hike remain to be seen, but one industry expert believes it will not slow down the market.
CMHC is increasing its mortgage insurance premiums for homeowners and 1-4 unit rental properties effective May 1, 2014.
A new broker recruitment initiative established in Australia could be easily adapted for Canada’s market, according to one broker, who is already applying a similar approach to his own recruitment efforts.
Some may rejoice at Jim Flaherty's recent announcement that he is unsure whether he will run for Finance Minsister in 2015 but could a new finance minister have a more negative effect on the mortgage industry?
One broker is frustrated by what he perceives to be a double standard when it comes to how brokers are audited compared to their banking counterparts.