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Mortgage Career of the Week 27 Aug 2013 | 12:19 pm
Company: TMG The Mortgage Group Canada Inc. Position Title: Deal Centre Support Underwriter / Broker Years of Experience Required: Minimum 2 years mortgage underwriting experience Licences or Registra...
CMLS After 6 Months 27 Aug 2013 | 12:18 pm
Residential lending is furiously competitive. In the biggest provinces there are 50 to 100+ lenders (including credit unions) competing for your mortgage. So it’s noteworthy when a brand new lender...
Creating Powerful Referral Partnerships: Boomerang Financial 26 Aug 2013 | 11:28 am
Build a business that people want to buy. Seems logical. But the vast majority of mortgage brokers don’t do it. They’re caught up in their day-to-day transactions with little thought...
Rates Rise Again. No Housing Threat Yet 22 Aug 2013 | 11:49 am
Fixed mortgage rates have been on a steady ascent since bond yields blasted off in May. Now, the major banks are jacking up rates again. Most of the Big 6...
Playing Both Sides of the Fiddle 20 Aug 2013 | 05:03 pm
The other day I quoted a rate to a client. The rate came from a credit union, which shall remain nameless. To my surprise, the client emailed me later that...
Mortgage Career of the Week 20 Aug 2013 | 01:00 pm
Company: Zolo Mortgages Ltd. Position Title: Mortgage Specialist (Guaranteed draw) Years of Experience Required: 1-3 years Licences or Registrations Required: Licensed with FSCO as broker or agent Loc...
One-on-One With Timbercreek's Andrew Jones 18 Aug 2013 | 11:52 am
Mortgage investment corporations (MICs) lend to borrowers that banks generally don't touch. For that additional risk, they charge higher interest rates. Those above-average rates, in turn, help MIC in...
Uptrending Rates Aren’t Time to Gamble 15 Aug 2013 | 11:54 am
Take a peek at the recent trend in this chart. (Chart source: MarketWatch) It’s a graph of the 5-year government bond yield—the guiding force behind long-term fixed mortgage rates. On...
More on CMHC’s MBS Ceiling 12 Aug 2013 | 03:51 pm
When news broke last week about CMHC limiting securitization guarantees, it was commonly viewed as a new attempt by Ottawa to clamp down on mortgages. In fact, it was an...
Mortgage Career of the Week 12 Aug 2013 | 01:00 pm
Company: Firm Capital Position Title: Director, Mortgage Administration & Servicing Previous Experience Required: 7-10 years Licences or Registrations Required: No Location of Position: Toronto, Ontar...
