Brokers beware: BMO loading up on mortgage specialists and originations
TD Bank has done what many in this slowing market have failed to: grow its mortgage business by eight per cent in the second quarter. Still, it’s not alone.
Winners announced at 2011 Canadian Mortgage Awards
Winners at the 2011 Canadian Mortgage Awards cut a wide swath across the industry, with Albertans leading the charge against Ontario dominance at the ICICI Bank-sponsored event.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.
Broker: TD shift to business lending a good thing
TD Bank’s plans to use a significant uptick in business lending to make up for a cooling mortgage market is garnering mixed – albeit positive – reaction from brokers and mono-line lenders.
Effects of interest rate hike may be overestimated
The aim of recent warnings from government and bank officials about the rising level of household debt was to prepare Canadian consumers for the inevitable rise of interest rates at some point in 2011. The effects of higher interest rates should not be overestimated however.
Simply the Best
The fourth annual CMP Canadian Mortgage Awards could almost be named the Oscars for the mortgage industry, where the best of the best came out to celebrate and share their success among their esteemed colleagues; and focus on a bigger and brighter future
Canada's big five banks post profits
Canada's five biggest banks showed steady profit growth in the second quarter of 2010, to a total of $5.01 billion collectively. The latest quarterly roundup fell slightly short of the $5.09 billion the group made during the first quarter of the year when growth was starting to regain momentum on fewer bad loans and some pickup in mortgages.
2010 CMP Award Winners
The 4th Annual CMP Awards gala was a huge success, attracting approximately 500 guests - the largest attendance so far. Here is the complete list of winners for 2010
Money now or later? The trailer fee debate
There are still only two Canadian lenders offering the trailer fee option, but that doesn't mean it's not being talked about. CMP checks in with brokers to see what they like and dislike about this form of payment
Lender status cards - do you have yours?
Broker status and incentive programs are becoming increasingly common among mortgage lenders - but what does it mean for brokers? Erin Letson explores what lenders are trying to achieve, why efficiency matters and how to become a status broker