New high-ratio premiums more detrimental than zero-down programs?
One broker believes clients now putting less than 10 per cent down will be more overleveraged than those who purchased with zero down.
CMHC price hike to negatively affect homebuyer equity position
An average $5-a-month hike to mortgage insurance premiums may seem inconsequential, but brokers believe the effect on homebuyer equity will prove disastrous.
Brokers frustrated by appraisal middlemen
Fewer lenders are allowing brokers to choose their own appraisers, and players are once again airing frustration about the appraisal process; a process one appraiser refers to as “a total racket."
Brokers call ‘smoke and mirrors’ on RBC employee pricing
The biggest of the big banks has brought back its “employee pricing” on mortgages, but the industry argues brokers will be the biggest beneficiaries.
Final CMA finalists announced
The largest awards ceremony in the industry is quickly approaching, and we’ve got your final list of nominees, including brokerage, broker, and network of the year.
CMA finalist rollout continues
The annual Canadian Mortgage Awards are set for May 22 at the Liberty Grand in Toronto and we’re continuing our finalist announcements.
CMAs to include new award category
With the CMAs just around the corner, we are continuing to roll out our list of finalists, including those who are up for the brand new “Diversifyer of the year” category.
Broker video pokes fun at banks
One broker is giving bank mortgages a good ribbing with a video that’s gone viral and stirred some leads.
More CMA finalists announced
The second round of CMA finalists has been revealed – have you made the cut?
How to take a larger slice of the renewal pie
It may be a controversial tactic, but one leading broker has established a rate buydown system specifically tailored to switching lenders at renewal. Dustan Woodhouse of Dominion Lending Centres explains.