Live from the Investor Forum in Toronto, MortgageBrokerNews.ca's Justin da Rosa speaks to a number of brokers about the news making headlines this week.
Starting today MortgageBrokerNews.ca will begin unveiling finalists for the Canadian Mortgage Awards – set to draw hundreds of industry professionals to Toronto's Liberty Grand May 9.
The New Year brings a fresh start for everyone, including those in the mortgage broker industry. 2013 saw industry players continually jockeying with the previous year’s mortgage rule changes – and the ever-present threat of further action – but it’s fair to say most endured the frustration and emerged relatively unscathed.
Brennan Wood's profile for Mortgage Broker News Hot list 2014
A MoneySense article entitled “5 things your mortgage broker isn’t telling you” has won the scorn of one broker who believes it is misleading and biased.
Nicolas Marceau, Parti Quebecois finance minister, is echoing similar sentiments to many mortgage brokers: That the Canadian mortgage regulations should be region-specific.
Brokers are expressing their confidence that most monolines will stay and fight increasingly competitive banks in the A market, despite one of their lender recently retreating from that space.
Mortgage Alliance isn't the only brokerage to land a huge catch from the big bank pond, with another major player now reporting its own coup courtesy of RBC.
Many of Canada’s big banks offer clients the opportunity to skip payments on their mortgages. While this can work to their advantage, mortgage brokers are not big fans of strategy.
Canada’s largest producing team in the banking channel has chosen to switch to the broker side by joining Mortgage Alliance.