Brokers split on whether they hope Flaherty runs again
Brokers are divided on whether they feel Finance Minister Jim Flaherty stepping down would benefit the mortgage industry, despite the finance minister’s history of instituting unpopular mortgage measures meant to cool the market.
2.99 returns; sparks competition
Brokers are used to having the best rates available in the market but for now it looks like they’re being beat out by one local credit union; though it appears it may have sparked another “rate war,” with one leading broker offering a competitively priced product.
Debt management company stiffs broker
One broker’s negative experience with a debt management company serves as a cautionary tale about the importance of vetting the organizations you do business with.
Groundwork set for small banks to enter market
The federal government’s vow to encourage greater competition in financial services will pave the way for a greater number of small companies to win banking licenses, according to one leading broker who believes that benefits both the industry and the consumer.
2.99 per cent lender revealed
The lender providing the latest 2.99 per cent five-year fixed rate has been revealed and the product, no way resembles, BMO’s controversial “no friller” that captured media headlines two years ago.
The 2.99 per cent five-year fixed is back
The rate that attracted Jim Flaherty’s scorn is back, with at least two mortgage brokers offering a 2.99 per cent five-year fixed rate mortgage.
The Big Story: Colin Dreyer on lenders
Colin Dreyer tackles the question of shrinking lender options for brokers. But are the brokers behind that trend?
Should regulators focus more on unsecured debt?
New data on consumer debt has dredged up an old broker gripe: Regulators need to rein in the availability of unsecured debt and leave mortgage spending alone.
Experts: Rates to rise
Experts agree mortgage rates will rise over the course of the next month, despite RBC cutting its rates by 10 basis points over the weekend.
Toronto brokerage scores big bank coup
Rack up another for the broker channel, with a successful bank defector joining a Toronto brokerage as it readies to take on 2014.