Should lenders verify a down payment source?
Enough is enough, argue some industry players, as lenders increasingly request proof of the source of a down payment
Opening Pandora’s box?
With the gap seeming to widen between fixed and variable rates, is it time for the government to review the tough qualifying requirements for VRMs?
Broker wish list for the new Finance Minister
Oliver is out and Morneau is in – but what can the industry expect from this political newbie?
New-build loans: dead horse or business opportunity?
Broker clients are being forced to jump through unnecessary hoops for new-build financing, according to one industry professional
Brokers, prepare to serve this market
This business segment is growing, and it’s one in which brokers have a distinct advantage over the banks when it comes to funding mortgages
Banks leaving brokers high and dry
When it comes to this type of mortgage, brokers are losing out to their big bank counterparts
Regulator offers reason for requirement
FICOM is arguing its pending disclosure requirements will ensure mortgage advice isn’t compromised by broker interests – but brokers argue that oversight is unnecessary
Who’s the ideal finance minister … for brokers?
There are a few frontrunners, according to one leading economist, and brokers are getting in their request before Justin Trudeau even takes office
Regulators hint at coming rule change
Brokers in this one market may soon have to provide more detailed disclosure to clients but it’s another industry that should be targeted, argues one professional
Industry’s use of cancellation fees revealed
The results are in, and the number of brokers who charge cancellation fees – touted as the best protection against rate shoppers – may surprise you