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.
The rise of the variable rate?
Fixed or variable? It’s a debate brokers thought they left behind but is now coming up more and more as fixed rates climb and concerns about a Central Bank move fade into the distance.
Banks continue to frustrate brokers
A perennial thorn in the side of every broker, the games that banks play in order to block a broker’s deal are many. So here’s one you may be able to relate to.
Broker: demolish marijuana grow-op houses
Brokers across the country are calling for complete disclosure when it comes to former marijuana grow-ops and one industry leader believes any house known to have formerly housed a grow-op should be demolished.
Mortgage debt keeps climbing
New Equifax data suggests that mortgage debt has eclipsed credit cards as the number one driver of household debt.
Credit unions offer best rates
Credit unions are cashing in on the opportunity to snag business from other lenders in the wake of three big banks and one monoline announcing rate increases last week.