OSFI speech: Part 2
Part two of a two-part series highlighting the salient issues Dickson touched on.
OSFI head addresses brokers at CAAMP
“Today, I will cover OSFI’s perspectives on the residential mortgage market.”
Those are the words that many brokers have been waiting to hear. And on Monday Julie Dickson granted that wish when she addressed the attendees of CAAMP’s mortgage broker forum.
Canada Guaranty insurance now available through MCAP
Canada Guaranty announced Monday that its mortgage insurance products will now be available through MCAP; adding another selling point to the independent mortgage company’s repertoire.
Mortgage Brokers Ottawa/City adds to leadership team
Mortgage Brokers Ottawa/City announced Monday that it has hired Anisa Lancione to fill the role of Director – Alternate Lending. The position charges her with leading Advanced Private Lending, the private lending arm and sister company of Mortgage Brokers Ottawa/City.
Far out Friday: 10 craziest tweets from J.P. Morgan’s Q&A
Brokers who are active on Twitter may get a kick out of this. When a global financial services firm decides to host a “Twitter Q&A” what could possibly go wrong? Quite a lot it seems.
Brokers react to Poloz
In the wake of Stephen Poloz’s announcement that he believes Canada will avoid a housing bubble, brokers may agree but they are still wary of any future interference by Finance Minister Jim Flaherty.
Poloz: No bubble here
In what may be viewed as a bit of good news for brokers, the Governor of the Bank of Canada, Stephen Poloz, announced Thursday that fears of a housing bubble are unfounded and that the market is expected to achieve a soft landing.
Canadian housing overvalued by 21 per cent
The Canadian housing market has been deemed overvalued by 21 per cent by Fitch Ratings; though the organization forecasts only a soft landing as opposed to a harsh fall.
Usual breakdown missing from CAAMP report
CAAMP released its fall report earlier this week indicating that brokers have enjoyed an increased market share compared to their banking counterparts; but missing from this year’s survey is the usual breakdown into new originations and renewals. MortgageBrokerNews.ca asked the economist behind the report to explain.
Resurgence of the refi
The refi may not be dead after all, according to a new consumer report, suggesting more than 10 per cent of homeowners have recently taken out an average of $57,000 in home equity – that despite tougher mortgage rules stymieing broker efforts.