Building a better lender
Ask any Roman architect, building a masterpiece takes time, and as Don Horne reports, building a mortgage lender is no different
Trailer fees require accountability
Lenders need to be held accountable for trailer fee commissions, and CAAMP is the body that should do it, says one B.C. broker.
Broker course open to non-agents
CAAMP is opening up its broker education program to “those who deal with mortgage brokers or want to expand their knowledge about the industry.”
IRD calculators gaining popularity
Brokers can warn clients about the pitfalls of IRDs and penalties, but it is a bit like leading a horse to water.
Broker: Retention will decide course success
The only real measure of success for CAAMP’s new broker education course will be how many of those students actually remain in the channel and for how long, argues an industry vet and advocate for more-effective training.
MCAP: B-20 a must-reader for brokers
Santa Claus makes his list and checks it twice, but brokers should also know OSFI will be checking up to see if they are helping lenders meet the new B-20 requirements.
Rent-to-own site skirts around broker regulations
A handful of con artists misusing the rent-to-own model are increasingly running afoul of provincial mortgage broker legislation, claiming they can arrange home loans without broker accreditation.
DLC broker to other networks : Advertise!
One DLC broker feels everyone in the channel won with those Super Bowl ads and is asking other broker networks to step up with their own consumer-focused advertising meant to lift the profile of mortgage professionals.
The Big Story: Bracing for another battle of the mortgage rules
Brokers continue to grapple with those new tighter mortgage rules and lending guidelines, but can they expect any more for 2013? Jemima Codrington reports, and answers that question.
CAAMP comments on proposed spam regs
CAAMP is now responding to new regulations introduced by the government for its anti-spam legislation, calling for tweaks that would better protect the "simple referrals" brokers depend on.