Brokers across the channel are welcoming the development of a coalition of independent brokers as a way of further deepening the marketplace.
Broker market share has dropped year-over-year and some industry professionals believe regulations are to blame.
Expect more cuts to come, says one broker, following the announcement that one big bank has axed 1,500 jobs.
Brokers praise one industry player's dedication to the industry following a recent announcement that his institution is poised to make a big move.
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.
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?
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.