Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker

Are Automated Home Evaluations Too Risky? – From your Friendly Vancouver Mortgage Broker How do automated evaluation systems such as emili which is used by CMHC, or Excel, which is used by Genworth, compare to the efficiency of human home appraisers? This Vancouver mortgage broker examines this interesting and challenging issue in more detail. This […]

The Repercussions of the New Mortgage Regulations – Consult a Vancouver Mortgage Broker

The Repercussions of the New Mortgage Regulations – Consult a Vancouver Mortgage Broker Well, we’ve all heard of the new mortgage changes and we’ve seen them come into effect, but have they really made any sort of impact on what’s happening out there in mortgage land? Did finance minister Flaherty succeed with what he intended with […]

Should Mortgage Financing be Privatized? – Ask a Vancouver Mortgage Broker

Should Mortgage Financing be Privatized?   You can bet that question just got the attention of anyVancouvermortgage broker who happens to be checking out this site.   Nonetheless, it’s a debate that’s being kicked around out there and maybe one you might want to have a closer look at. You’re probably asking why anyone would […]

What if mortgages were more expensive and less accessible? – Ask a Vancouver Mortgage Broker

If you’re a first-time home buyer, odds are that you don’t have a 20-per-cent down payment. Without one, you typically need mortgage default insurance to buy a home. The biggest provider of that insurance is government-owned Canada Mortgage and Housing Corp. (CMHC). Since the credit crisis four years ago, its mortgage role has been hotly debated. On […]

Another Entrant Joins the Residential Mortgage Space

Another Entrant Joins the Residential Mortgage Space Even in the midst of a slowdown in Canadian mortgage growth, startups continue being attracted to the residential mortgage space in Canada. Among the newest group of entrants, we find CMLS Financial Ltd.; the company will launch a lending channel for residential mortgages in the early part of […]

CMHC Updates- Best Mortgage Rates in BC

CMHC Updates The largest mortgage insurer inCanada, Canada Mortgage and Housing Corporation (CMHC) is nearing it’s limit on how much mortgage default insurance its allowed to underwrite. Of its $600 billion capacity allocated to it by the government, only $24 billion remains. Mortgage default insurance protects the lending party in the event that a homeowner […]

Ask a Vancouver Mortgage Broker for Latest Insurance Trends

Mortgage Insurance Trends For those interested in how the mortgage industry works, you could always ask a Vancouver mortgage broker. Otherwise, you might want to check out the quarterly reports and earnings calls for Genworth MI Canada. According to Genworth, new government restrictions will have an impact on the mortgage insurance market; the market will […]

CMHC changes may benefit alternative mortgage lenders

Mortgage companies competing against Canada’s big six banks offer an increasingly attractive opportunity for investors in the wake of new regulations governing Canada Mortgage Housing Corp., says Stephen Boland, analyst at GMP Securities. “We believe that the increased lending restrictions on the use of the CMHC will provide the alternative mortgage lenders with additional product […]

CMHC could be pulled out of mortgage insurance business, Flaherty says

Finance Minister Jim Flaherty would consider takingCanada Mortgage Housing Corp. out of the mortgage default insurance business he told the National Post’s editorial board. ‘I don’t think it’s essential that a government financial institutionprovide mortgage insurance in Canada’ “Over time, I don’t think it’s essential that a government financial institution provide mortgage insurance in Canada. I think what’s […]

CMHC backing fewer loans

Canada Mortgage and Housing Corp. is cutting back on mortgages it insures as the Crown corporation edges closer to a $600-billion cap imposed on it by the federal government, the Financial Post has learned. A CMHC spokesman confirmed that it had approached a number of lenders at the end of 2011 about reducing its “bulk or portfolio […]

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