It might seem like the ultimate “odd couple” pairing, but it’s one that could see this mom-and-pop brokerage grow into an industry behemoth
One seasoned broker is suggesting pressure from referral partners often leads inexperienced mortgage agents to skirt the margins and embellish income statements.
Low interest rates and the push to squirrel away money for retirement have their most cautious clients adopting a risky strategy around mortgage repayment, say brokers.
The Bank of Canada handed brokers a gift with its move to cut the overnight rate, but mortgage professionals are having trouble finding the usual uptick in refinances.
Clients facing increasingly tight deadlines to secure mortgages are getting tripped up by credit bureau mistakes that take too long to remove, say brokers.
Brokers may be increasingly hungry for business, but not enough to help first-time buyers into a product many blame for the U.S. market collapse.
Industry veterans are pointing to one city’s second land transfer tax as a major drag on the market, especially considering the CMHC’s increased insurance premiums, which took effect on June 1.
Client education is back in the spotlight as banks continue to tighten the purse strings when it comes to lending to self-employed clients.
Some mortgage specialists appear to be misleading clients concerned about their credit score in an attempt to erode a key value proposition for brokers.
The loss of another trailer program is proof-positive that brokers remain locked in the destructive eat-what-you-hunt mentality, say industry vets.
