Independent insurers to take advantage of CMHC's risk fee?
CMHC increased its risk fee to 3.25 per cent last week and one broker believes Canada’s independent insurers – and the brokers who deal with them – are poised to take advantage.
Call by rivals for CMHC to hike premiums: To what effect?
Globe & Mail sources report that Genworth and Canada Guaranty are encouraging the Canadian government to raise CMHC premiums. What effect will this have on clients and the brokering industry as a whole? Not much, says one player.
Experts: Expect year-end rate drop
As the year comes to a close RateSupermarket.ca’s expert panel is echoing the same sentiment it has held for the past two months: Rates will continue to drop.
Refi business drops 81 per cent
While CMHC heralded its third quarter results Friday, it glossed over a whopping 81 per cent drop in refinances, leaving brokers to quantify the impact on their clients and their bottom lines.
Experts: Mortgage rates will decline further
The waning year has seen a rate rollercoaster as historically-low fixed rates shot up before descending once again; and the expert panel assembled by RateSuperMarket.ca expects that slow descent to continue into the end of the year.
Clients less willing to renew early... for now
Following historically low lending rates, clients are less likely to opt to renew early, leaving few opportunities for independent brokers to try to entice clients to switch lenders… for now, at least.
CMA preview: A roundup of categories
Nominations for the Canadian Mortgage Awards (CMA) are now open and here is a quick glimpse at some of the awards you can now vote on.
Broker calls for unity among brokerages
The hot debate continues after one industry player used MortgageBrokerNews.ca to propose a broker-run organization modelled after the Canadian Chamber of Commerce; and despite the many naysayers, one broker thinks he’s now come up with a workable implementation strategy.
CAAMP announces list of reps
CAAMP recently released its roster of representatives for the upcoming two year term and one elected broker hopes to continue the tradition of giving brokers a national voice.
New broker doesn't last long as independent
For new mortgage brokers, joining a large broker network may be the way to go – as the connections and guidance can help rookies sharpen their skills in an increasingly competitive industry.