Interprovincial Mortgage Brokers

The Internet has made doing business possible across the farthest reaches of the globe. It’s not surprising then, that technology is fostering mortgage brokering across provincial lines. More and more, we see out-of-province brokers advertising and quoting rates in other provinces. This is making the mortgage market more price-efficient and lowering costs for consumers. While […]

Canadians Feel They Are in Better Debt Shape than Their Friends and Neighbours: RBC Poll

Younger Canadians feel most anxious about debt and are most likely to delay plans TORONTO, September 14, 2011— Three-quarters of Canadians (75 per cent) feel they are in better shape with their non-mortgage debt than their friends and neighbours and more than half (58 per cent) say they are happy with their current total debt situation, […]

Sale of broker book marks industry maturity

By Vernon Clement Jones The transfer of an established portfolio from one broker to another is offering encouragement to industry veterans convinced their years of service to the client have a significant and very tangible value. “We bought the database,” said Mindy Small, one of two partners at Summerside Mortgages – The Mortgage Centre, in […]

Ontario broker lobbies for tighter ‘mortgage suitability’ regs

By Vernon Clement Jones The head of a large Ontario brokerage – and VP of the province’s mortgage broker association, IMBA – is lobbying for “better-defined” guidelines around “mortgage suitability” in the governing act, arguing it would help fend off competition from the banks. “It’s something that’s much talked about among brokers, many of who […]

Desjardins to join forces with Meridian

A tentative deal has been struck to create a potential credit union powerhouse in Ontario with the amalgamation of Desjardins and Meridian credit unions. The Boards of Directors of Desjardins Credit Union and Meridian Credit Union have agreed to amalgamate their respective organizations in order to create a credit union in Ontario with 263,000 Members […]

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