OSFI is tightening mortgage lending again. But this time, it’ll be less impactful for consumers.
The banking regulator issued its final Mortgage Insurer Capi... Read More...
Innovative mortgage products. Remember those?
With Ottawa's onslaught of rule tightening, it’s been a while since we’ve seen a new product that was substanti... Read More...
Credit unions saw their slice of the broker pie shrink in Q1. That comes despite OSFI's January 1 stress test, which played right into their hands given they ar... Read More...
“Responsible governments rely on sound data to make their decisions.”
“We will release to the public key information that informs the decisions we make.”
“We ... Read More...
We’ve been waiting years for this, and it finally happened.
Newton Velocity, formerly MorWeb, can now send broker applications to virtually every lender Fina... Read More...
A few weeks ago, S&P said Canadian bank risk was rising, and it blamed mortgage brokers in the process.
The rating agency wrote:
“…The growing share o... Read More...
Banks continued to eat up market share in the fourth quarter, growing their portion of the broker pie by 5.4 percentage points vs. Q4 2016.
For the full year, ... Read More...
CMHC head Evan Siddall made a comment last fall that has credit unions worried.
"CMHC will be seeking data from securitization program participants on their ... Read More...
Lenders across the country are trying to build their own versions of the evolutionary, if not revolutionary, Rocket Mortgage.
But there’s one problem. Unlike... Read More...
Despite a decade of double-digit growth, HomEquity Bank has zero meaningful competition.
Remember these guys (Seniors Money)? They lasted only a year.
But... Read More...
Robert McLister is one of Canada’s best-known mortgage experts, a mortgage columnist for The Globe and Mail, and Founder of mortgage broker intelliMortgage Inc., RateSpy.com, a website comparing Canada's best mortgage rates and the reverse mortgage advisory firm, Seniors Equity.
