Conversation on MortgageBrokerNews.ca evolved from a discussion about underwriting exceptions to one about monolines vs. big banks and two brokers discussed their individual reasoning for supporting one or the other.
After reading about a perceived double standard in the mortgage industry, one industry player has called for more oversight for one particular group of professionals.
Healthy debate ensued among brokers, following a story about one big bank’s IRD calculations and the penalties in charges, with several calling into question the transparency provided by some lenders.
A recent Bank of Canada announcement has dredged up an age-old debate but is it one that should finally be put to bed?
It’s not for everyone, writes Anson Martin of Verico Fair Mortgage Solutions, but private financing can get the financing your client needs if the broker is willing to work for it.
Broker opinion is split -- following news that CMHC is considering banks to pay a deductible before mortgage claims are paid out – with some believing the move will lead to more careful underwriting and others thinking it could result in higher fees for clients.
Canadian brokers don’t buy the premise that a move from an up-front commission-based structure to a fee-based model will result in better loan quality.
One leading broker is accusing a competitor of using his name to attain leads through Google’s ad services.
Will there be a rate fluctuation in the next 30-45 days? It depends who you ask.
One leading broker has echoed the same sentiments of some of Canada’s largest broker networks: it is a lender’s products – and not it’s affiliation with one particular network – that will determine broker opinion.