Mortgage fraud: Beyond broker control
A disbarred Alberta lawyer has earned a two year prison sentence for committing mortgage fraud, among other felonious activities – and what, if anything could a broker have done to stop her?
Brokers blame busy August for slow September
September is traditionally a busy month for brokers, but summer’s end has been slow for some following a busy August that saw rate-holders flood the market.
Brokers warn against dual licensing
Brokers offering a cautionary note about dual licensing after one such industry player had his broker license suspended for five years.
DLC hopes to score with new marketing initiative
Want to win $100,000?
That’s the message Dominion Lending Centre is sending potential clients as part of their unique marketing initiative: Its NHL hockey pool that is set to commence today.
Brokerage and Realty announce partnership
A Dominion Lending Centres franchise and Right at Home Realty (RAH) announced a partnership last week that will arm RAH’s real estate agents with brokerage services.
Brokers question the power of perks
Several lenders have established contests and perk programs in an attempt to bump up broker business, but those incentives aren’t working on everyone.
Poll: Industry reacts to broker-owned bank
A poll asking brokers whether they’re more inclined to send a deal to a new “broker-owned bank” than an existing lender partner had a quarter of respondents answering “yes” even before receiving any details.
Gord Dahlen takes on a new challenge
Industry leader Gord Dahlen has moved from his executive position at Dominion Lending Centres, with another channel player now welcoming him into its expanding fold.
Variable rates still a dice roll, despite rate hold?
Some brokers still aren’t completely sold on the idea of variable rates; despite the rising in fixed and the Bank of Canada announcement Wednesday suggesting ARMs may remain at historic lows until 2015.
Brokers can brag no longer
Gone are the days when brokers could truthfully brag about having access to 40 or more lenders, argue some industry vets, suggesting lender losses have whittled down that number considerably – along with the diversity of the product, itself.