Brokers weigh in on market share drop
Broker market share has dropped year-over-year and some industry professionals believe regulations are to blame.
CAAMP: Broker market share shrinking
CAAMP’s annual fall mortgage industry report indicates that broker market share has fallen on a year-over-year basis, a large chunk of which has gone to the big banks.
Exclusive: Lender launches Alt-A offering
Brokers will now have another option for Alt-A mortgages, with one major lender announcing an alternative product that will target a brand new customer base.
Economist: Mortgage credit growth to slow
CAAMP’s chief economist, Will Dunning, postulates the mortgage credit growth rate in Canada will slow down in the near future, citing a number of contributing factors.
Mortgage rates set to stay lower for the next six months
Renewing a home loan shouldn’t be too painful for the next six months according to a new report from The Canadian Association of Accredited Mortgage Professionals.
Brokers poised to win bank business?
Banks may be feeling the pinch just as much as the monolines following numerous lending changes, and this just opens the door for brokers to swoop in and win business, says one professional.
Experts split on rate outlook
Will there be a rate fluctuation in the next 30-45 days? It depends who you ask.
Bank products superior to monolines'
Brokers often prefer sending business to their monoline partners rather than to one of the big banks and CMP’s forthcoming Brokers on Lenders survey will provide those partners with details on how to better compete.
Brokers push back against industry trend
Rate discounting may be a necessity these days but many brokers are pushing back by drawing attention to the added value of advising clients about more than just rate.
Canadians paying off mortgages faster
Record low interest rates are helping Canadians pay off their debt faster, but cheap borrowing costs are not enough to overcome the red hot housing sector, according to a new survey.