December 16th, 2014

Mortgage Career: Equitable Bank

Equitable_Bank

Company: Equitable Bank
Position: Regional Business Manager (Single Family Residential)
Location: Edmonton, AB

Advertise your mortgage job opening today! Click here to post. Or browse CMT’s Mortgage Jobs Database.

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December 15th, 2014

An Updated Look at Insured Mortgage Risk

We got a new profile of insured mortgage borrowers last Wednesday. It came from Genworth Canada’s Investor Day where the company briefed shareholders on the its current risk profile.

The nation’s second-largest default insurer says government changes have made its portfolio “much more resilient to any sort of housing correction or external shock,” and the facts that follow seem to back that up:

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December 11th, 2014

More Bad News for Small Lenders: Update 2

Since 2008, the Finance Department has announced one mortgage restriction after another, largely in an effort to wean lenders from government support. And just when you think there’s no more regulations to come, they tighten further.

The latest such measure came last week. On December 1, CMHC announced hefty fee hikes for guaranteeing mortgage-backed securities (MBS). And these are no piddly fee hikes. We’re talking 50-200% increases for government guarantees of MBS, and a 100% increase for Canada Mortgage Bond guarantees. That’s material given that roughly one-third of mortgages are funded by securitization.

Here’s why the powers that be are doing it, and what it could mean to mortgage consumers:

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December 4th, 2014

2014 CAAMP Conference Wrap-up

caampforumLast week, Montreal played host to CAAMP’s Mortgage Forum 2014, one of the mortgage industry’s most important gatherings of mortgage professionals. Dubbed by some as “a networking event on steroids,” the event played host to 1,200+ attendees. It also included 65 booths at the two-day Expo and 525 attendees at the Hall of Fame/Awards Night — both excellent showings by historical standards. In case you missed the event, here’s a roundup of conference highlights: Continue reading

CAAMP Broker Panel – Part II

Here’s part II of our coverage of CAAMP’s Broker Panel from last week.

Once again, the panel featured four mortgage pros sounding off on lenders, regulations, broker technology and more. They were…

  • Ron Butler from Butler Mortgage
  • Dan Eisner from True North Mortgage
  • Peter Majthenyi from Mortgage Architects
  • Mathieu Lebrun from Multi-Prets Hypothèques

Here’s what they had to say:

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