One leading network’s bid to arm itself against legislation has inspired a debate among brokers regarding their responsibility in private deals
It may be a small victory for brokers, but CMHC’s latest rule change is a welcome decision in an era of seemingly endless mortgage rule tightening.
Anyone with a smartphone has an app that they find invaluable; one Canadian company is designing apps specifically for mortgage brokers and real estate agents.
It's crucial to educate your clients come mortgage renewal time, especially when there are cash and credit issues. Now brokers have one more resource to help those who are struggling.
Some mortgage specialists appear to be misleading clients concerned about their credit score in an attempt to erode a key value proposition for brokers.
Brokers have been frustrated by tightened underwriting from both the insurers and the monolines, and one lender has stepped up to provide some more clarity on how premiums are determined.
Are brokers powerless when it comes to insurers costing them deals?
The government made a pledge in the federal budget that brokers can’t afford to gloss over, cautions one industry vet, worried about the possibility of higher mortgage rates.
The verdict is still out for some, but many brokers are applauding the launch of a unified broker association being compared to the nation’s Realtor organization.
Brokers, better get scrappy. Regulatory changes in another sector are threatening to draw more players into mortgage brokering despite the soft market.