Lender jumps into Alt-A lending
A key broker lender in the A-space is now saying competition in that realm is part of the reason it has moved to focus on Alt-A lending.
Far out Friday: Realtor sponsors homeless man
Just before Christmas, Joe Manzaneres, an American Re/Max realtor decided to sponsor a homeless man by paying him to hold up a sign in the hopes of drumming up business.
FSCO dispute resolutions increasing to 750 monthly
A victim of its own success, the Financial Services Commission of Ontario has increased the monthly assignment of arbitration files to ADR Chambers from 500 to 750 per month, and is actively looking for a new contract with a dispute resolution company.
Broker gets creative with lead chase
Ever-tightening regulations and ever-increasing competition from the banks are forcing the broker industry to get more creative when trying to chase leads and build business; which, for one broker, includes sharing leads with professionals he originally had an aversion to.
Superbroker leads charity charge
You mortgage brokers sure are a charitable bunch and it’s even easier to give back to the community when your brokerage leads the charge; which is exactly what one superbroker is doing.
Edmonton brokers have cause for optimism
Brokers who attended the annual Edmonton housing forecast conference likely came away with a sense of optimism for their business prospects in 2014; but for those who were unable to attend, your peers have got you covered.
Internship program a success for one broker
A year on, one industry player boasts his unique internship program has a success rate that rivals more traditional methods of grooming brokers.
Best MBN debate of 2013
The comments section of MortgageBrokerNews.ca provides a soundboard for brokers to critique, lambast or applaud our articles (and, in some cases, fellow commenters). 2013 provided its fair share of heated debate but one particular story about renewal business – and the value brokers can add to win business – stoked the fires and, in some cases, the ire of several opinionated readers.
Overnight rate on hold until economic data improves
The governor of the Bank of Canada, Stephen Poloz, suggested Tuesday that the overnight interest rate may soon be raised and he welcomes a strengthening American economy as one of the catalysts for such a maneuver.
Broker: Expect tighter underwriting in 2014
One leading industry player foresees tightened mortgage lending regulations in 2014, which may affect the broker industry more than its banker rivals.